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

Elliott Wave Financial Service
By Elliott Wave Financial Service

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

SP500, 30Min

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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