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06/12/2019 08:28:41 GMT

Elliott Wave Analysis: More Upside On Stock Market Points To More Gains On CAD/JPY Pairs!

Gregor Horvat Wavetraders

Good morning everyone.

Today, I am tracking closely the Canadian dollar vs. Japanese yen as this pair can be building a very nice bullish pattern. We see a nice turn up from June lows; it has impulsive personality so looks like higher degree bulls are here. Also, we see stocks in uptrend; currently only in wave 4 pullback so more upside on stocks will also suggest more upside for xxx/JPY pairs.

CADJPY, 4h

CADJPY

SP500, 30Min

SP500

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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