0
14
May

AUD/JPY – three possible outcomes

AUD/JPY

As May progresses we now see that an immediate bullish scenario for the AUD/JPY pair is no longer likely. My Ending Diagonal scenario on the daily chart was invalidated and I don’t really believe in expanded Ending Diagonals. Anyway, since it was invalidated, we now have three possible outcomes for the pair. As always, I’ll start with my preferred one.

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0
11
Apr

AUD/JPY – Ending Diagonal possibility

AUD/JPY

In this update of the AUD/JPY currency pair I’d like to present an Elliott Wave count that was my alternate one for some time already. It now looks like it could play out in the near future. This count repeats my preferred count for the AUD/USD pair which I think is carving out an Ending Diagonal pattern too. As you can see, the rise from 72 can be counted as a series of corrective advances, albeit pretty sharp ones. I have also included some Fibonacci projection levels for your reference.

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0
5
Apr

AUD/USD – Ending Diagonal unfolding

AUD/USD

This is an updated version of my preferred bullish impulsive Elliott Wave count for the Aussie. Many of you are familiar with it and the chart is pretty self-explanatory, but I would like to say a few words about it nevertheless. I believe that the pair is carving out an Ending Diagonal pattern on the weekly chart. And at the moment it is close to completing wave 4 of that Ending Diagonal I’m talking about. The pattern is in wave 5 position of a huge uptrend that has started in October 2008.

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1
17
Mar

AUD/JPY – impulsive count

AUD/JPY

Few people have asked me about AUD/JPY lately. Here’s my latest EW count for the pair. The pair performs in line with my my longer-term EW count on the weekly chart that was posted in December 2011. So I’ll focus on the daily one. I’m seeing the move up from 72 as an impulse. And as you can see I think that blue wave 3 is close to completion is AUD/JPY.

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