Category Archives: NZD/JPY

Elliott Wave Analysis: EURCAD And NZDJPY

Gregor Horvat

EURCAD: Current fall below wave A) swing low suggests that EURCAD can be in wave C) already which may continue south to 1.4100 or maybe even to 1.3930 ideal target. However, we must keep in mind that this is a corrective pullback from 1.4598; it’s a contra-trend move that will sooner or later send price back to bullish mode. Bounce in small five waves back to 1.4300 will put prices back in uptrend. more…