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USDCAD Looks For Support; USDJPY May Face Resistance –

There is a deal on Greece. USDCAD invalidated the minor degree bullish count and continues in a choppy manner to slide. Looking at this structure which has nothing impulsive in itself, we change the labeling for the iv wave to a bit more lower levels from which we could see impulse up developing.

Elliott Wave Analysis USDCAD 1h

USDCAD_1h(5 Technical Elliott Wave Analysis July 13 2015 outlook

USDJPY found lows and is now bouncing in a 5 waves move to the upside. We have waited for lows in wave 4 of an expanding ending diagonal or as alternative, a 1,2 structure. Yet in any case we see a good opportunity here to prepare for possible longs after we see a three wave pullback.

Elliott Wave Analysis USDJPY 30 min

USDJPY_30_min Technical Elliott Wave Analysis July 13 2015 outlook

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!