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USD/CAD now apears to be on it's way to complete 12345 up this morning reaching 9978 at this time for possible double top or better... soon to stall at least temporarily.

Note however that Canadian news was somewhat CAD bullish and the Canadian dropped against the USD... In other words the U/CAD went up to perform technicals despite the calendar news, an ABC or 123 up finishing it's climb this morning... I missed an ideal entry overnight between 9850-60 for an...

I see a pattern on AUD/U that leads down after a corrective bounce up from about 9150-60... Selling down from the top of bounce with large trend makes the most sense I believe. top of bounce shouldn't exceed 9225-30 by much and target down is conservatively 100 pips lower. Pattern seems...

If the U/J continues it's descent I have a target of 102.10 and it should bounce up fro that area even if it descends further. I'll need the weekend to find time to re-evaluate the larger picture and study fundamentals for more clarity on what it's most likely to do next week in terms of large...

Friday exiting seems to have happened after busy trading earlier. U/J bouncing of 102.50 area but could a bit drop more today despite significant selloff from peak. A bounce on U/J crosses is worth watching for later today or early next week I think.

TOKYO (Thomson Financial) - The Bank of Japan will need to keep a close eye on downside risks to the Japanese economy given continued instability in the international financial markets, which is posing a threat to global economic growth, central bank governor Toshihiko Fukui said Friday...

I see the typo... U/S was supposed to be U/J. In other worse the two majors AUD/USD and USD/JPY are both probably going to retrace taking the AUD/JPY up quite a bit. AUD/USD at .9265 x USD/JPY at 102.56 = AUD/JPY at 95.02

U/J still shows more to go but probably will bounce at 10250-55 and do an abc up seen on 5 minute charts before proceeding lower. A multiyear bottom/support seen at about 101.50-75 about 100 pips lower. Havn't had time to read fundamentals or about market sentiment yet today.

Significant move on U/J past triple bottm of 102.60, now 55 CAD/JPY is developing into a nice swing as predicted although I missed the ideal entry earlier due to other distractions. Target now practically complete as a secondary target, Elliot wave shows bounce up soon at 103,90 baybe down to...

Whew, busy day. Too many distractiosn however did get a bounce of 24 pips up on AUD/J from 9425, was wrong earlier on the bouncepoint by 20 pips as it shot down past 9445. AUD is relentless today. JPY near turnaround at 102.70 so A/J could jump nicely as AUD/U climbs and U/S climbs

AUD/J did bounce at 70-75 enought to take some profit and move stops to zero however the donwtrend is extending although almost ready for another bounce at 95.45-50ish CAD/JPY was a good sell in direction of trend as it ABCed up to 104.50 with enough movement down now to have close stop...

U/CAD has pushed up with target of 9890 realistic for the short term, then down in ABC then up further is my best guestimate.

EUR does show an unfinished upward Elliot pattern ideally when looking at minute charts. For what it's worth I concur with your targets especially the first. Currently it's stalling as is the G/U though. News is worth watching closely for at this stage if one has the time. U/Cad may drop a...

As we near 9:00 Eastern Time, North America, the GBP seems to be strugling to finish the last of its 5 wave set up and may fail near current price of 2.0084 or rise a bit more to reach over 2.0100 in which case I'll contemplate a sell for an ABC down of 75-100 pips possibly. Will watch for a...

Note that the pattern in the examples are portions of the Elliot Wave phenomena although the original source of the examples is not an Elliotician:)

Could go higher before down, will wait for breakout above 104.25 though before re-entering. Or breakdown below for confirmation of larger trend continuation. Need to study yen a bit better as focus has been on other pairs. There probably is a clue or two from re-analysing larger time frames.:cool:

U/CAD analysis... The numbers are a bit faint I see however the count, albiet tricky is 12345 up for probable large "A" up then "B" down in an a-b-c pattern as shown in small red letters, "c" just finishing its last pulse if it doesn't truncate(fail). Then a large move up comprised of 5...

Testing... A technical pattern set of examples.

The recent peak of the U/CAD was a good example of a choice entry at 9975 because if one draws a line along the tops upward on a 5 minute or 15 minute chart then counts Elliot Waves it was a probable top. Selling there and taking 1/2-2/3rds profit at 25-35 pips and leaving the rest for a...