Category Archives: Forex

GBP/USD outlook: In the long run, we are dead

Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott … Continue reading

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Posted in GBP | Tagged , , | 4 Comments

Elliott Wave Analysis of Swiss Franc USD/CHF

The last time I wrote my Elliott Wave Analysis of Swiss Franc or USD/CHF was back in 2008. Guess that was a long-enough break! If you are trading the USD/CHF, or if you are a corporation exposed to the Swiss … Continue reading

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Posted in Chf | Tagged , , , | 1 Comment

Analysis of EUR/USD

Now that the Euro has come off to the target mentioned last week, we can try to finetune the possible end points for the current weakness. Remember again that we are still looking at short term trades. Elliott Wave analysis … Continue reading

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Posted in Euro | Tagged , , , | 3 Comments

Quick update on EUR/USD

The value of going back to the bigger picture is illustrated by yesterday’s moves. We were focusing on the 1 minute chart trying to capture a decline to 1.4050, and missed out the bigger poetntial to the upside because of … Continue reading

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Posted in Euro | Tagged | 5 Comments

EUR/USD: timing the trade

As they so often remind us, timing the trade is the secret of success. Trouble is, we will know what is the perfect time only afterwards. So we are left with the problem of having to guess what is the … Continue reading

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EUR update

This is a quick one on the Euro. We are in a corrcetion and think one more downmove should materialize, perhaps from 1.4090. (Max 1.4135)

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EUR/USD example of Elliott Wave Analysis

The most dramatic sell off in EUR/USD has one wondering whether Elliott Wave principle worked. There are six charts that I offer you as an example using the most recent moves. Study them carefully and see if you can use … Continue reading

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Posted in Euro | Tagged | 6 Comments

EUR/USD Chart Analysis

We are in one of those times when we know the immediate move for the Euro is up, but are grappling with how deep will it move down after the current rally is over. From an Elliott Wave perspective, the … Continue reading

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Posted in Euro | Tagged , , , , | 4 Comments