Category Archives: Forex

EURUSD chart revisited

When we are trying to adjust our wave counts in a dynamic environment, it is important to be aware of the potential of an alternate count. This is why I had posted a second time on 12 Sep, hinting that … Continue reading

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Additional Chart of EURUSD

NOw that we have actually reached 1.3670, you need to know when it is confirmed that the move is over. We don’t want a scenario where because of the extended 5th wave seen in the last chart that we get … Continue reading

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Posted in Euro | Tagged , , , , | 9 Comments

EURUSD update

Here is a quick update on the EURUSD. Remember, when you are trying to deal with a live market, you keep adjusting your strategy as it unfolds. This morning, the EURO gapped down to 1.3565 (our 100% projection level). From … Continue reading

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Elliott Wave update on EURUSD

The European situation has come to a quick boiling point, and the ECB action/words (plus the resignations etc) have all but pulled the supports under the currency. The charts give you some indication of how I am counting the waves, … Continue reading

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Posted in Euro | Tagged , , , , | 7 Comments

GBPUSD update

The Pound has finished a five wave move from 1.4235 to 1.6720. Hence, we will be looking for a correction that is bigger than either of the two corrections seen during the 5 wave upmove. All corrections tend to be … Continue reading

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Medium Term Outlook for GBP/USD

The Medium Term Outlook for the GBP/USD using Elliott Wave analysis is best figured out by starting your query from the longer term chart. A clear five wave decline from 2007 ended in 2009. That decline is being corrected in … Continue reading

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New Zealand Dollar NZD Kiwi outlook

It’s been a long easy (!) road for the New Zealand Dollar, the currency that forex traders know more affectionately as the Kiwi. But it is increasingly looking like the honeymoon is over. Take a look at the attached chart … Continue reading

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USD-CHF outlook

I would like you to go back to my USDCHF update of 19 July 2011, where readers were urged to follow the progression of the fifth wave very carefully, because once that was completed, we will get a correction that … Continue reading

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Posted in Chf | Tagged , | 2 Comments