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Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice
Hello,
I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the other on AUD/USD.
As for India’s Sensex, I think we have seen a near term top. Use [...]
Elliott Wave Analysis of Australian Dollar
This page gives you an example how one could use Elliott Wave Analysis to trade AUD/USD or the Australian Dollar. It was back in April 2001 that the Australian Dollar commenced its bull market run from a low of 0.4773. It took just over seven years for it to peak (in July 2008) at 0.9849. [...]
AUD in a complex correction
Traders often lose money when trying to squeeze additional profits during a complex correction. Wave theory is quite clear. Corrections tend to alternate between simple and complex patterns. Also, the market tends to correct a prior impulse wave both in time and price
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