CADJPY Marching Towards The Second Target.


free forex cadjpy currency calls

CADJPY was forming a last impulsive wave 5 of primary degree.

It had completed the corrective structure, running flat.

After accomplishing the C leg, the price surged from 87.48 to 90.

Price was above 50-MA, which was the indication of a strong trend. It was a beginning of a new impulsive move. I found that the price can make a big move up to 93.84. 

As I mentioned in my previous article, “We can expect the following targets 91.46-92.29-93.849.

Click Here to read the previous research report.



free forex currency cadjpy chart tips

Price broke the 50-MA & minor resistance of 90.382.

Yesterday, CADJPY reached the first target of 91.46 and made a new high of 91.667.

Although the price is gaining momentum, it never moves in a straight line.

It will create a series of highs and lows to create an uptrend.

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EWT: CADJPY Preparing for 93.84

free forex cadjpy currency calls

Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).

Wave Formations:

Wave ((1))

– Leading diagonal
– Formed on extreme low
– Termination sub-wave 5 is smaller than 3

Wave ((2))

– Zigzag
50% of wave ((1))
– Ended near the sub-wave 4 of an impulsive wave.

Wave ((3))

– Impulse (Five wave moves)
– Extended 2.618% of wave 1

Wave ((4))

– Running triangle/running flat
38.2% of wave ((3))
– Ended above wave (b)

Wave ((5))

– Wave ((1)) was a leading diagonal, so wave ((5)) can’t form as a diagonal. It will be an impulsive wave.
– Wave 3 can end near 161.8% of the 4th wave at 93.492.
– Wave 1= Wave 5 at 93.765
– Wave 5 can complete after touching the parallel channel at 93.849.

We can expect the following targets: 91.46-92.29-93.849

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Global Currency


The dollar rise on last Friday against the Euro on Friday euro bought 1.3590, down from Thursday’s level of 1.3606.
We expect here drift down to 1.3570 – 1.3556 – 1.3500 and more.
Keep your eye on 1. 3590 once brake of it and pair will move for next high.


Click here to read my newsletter and try to remember what I said about USDJPY in my last newsletter.
I said “ Resistance 101.59 cross of these level and we see some more bullish trend to 101.96 – 102.48 – 103.00.
It kissed my 2nd target

What you think?
Will it kiss my 3rd and last targets?
Well, member knows everything but I will also update for you later.



Current rise should end with resistance 168.08.
Can move with the targets 167.03 – 166.42 and more is must

but have to keep eyes on 168.50 level rise above it is bullish again.

EURCAD, CADJPY & AUDUSD and more Currency update for our members.


Indian Currency



Buyers can take positions from the opening bell only if open above 102.95 with targets 103.76 – 104.46 – 104.97.

Keep eyes on resistance 102.85.
Unable to break the resistance, and we must see the bloodbath. To which level will update for our subscribers only.


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