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Chart of the Day

CADJPY May See Support Soon

Short term Elliott Wave in $CADJPY suggests cycle from June 23 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from June 23 high, wave 1 ended at 88.89 and rally in wave 2 ended at 90.19. Pair then resumes lower in wave 3 towards 87.09 and bounce in wave 4 ended at 88.71. Internal subdivision of wave 4 unfolded as a zigzag structure. Up from wave 3, wave ((a)) ended at 88.56, wave ((b)) ended at 87.97, and wave ((c)) ended at 88.715. Wave 5 is

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Blue Box Approach

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