Category Archives: Forex

GBP/USD update

Posted on June 23, 2011 by Ramki

Yes, the Pound is going down. It doesn’t matter that I dont think we posted a Head and Shoulders top there. I must have caused some of you to miss out a neat trade. Guess thats the price of being … Continue reading →

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Posted in GBP | 7 Comments

GBP/USD outlook- Head and Shoulders Pattern

Posted on June 22, 2011 by Ramki

A leading bank and an active player in the FX market has gone short in GBP/USD at 1.6133 with a stop at 1.6305. Why? It is because they have spotted a head and shoulders formation! Over the years I have … Continue reading →

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Posted in GBP | Tagged | 7 Comments

EUR/USD update

Posted on June 14, 2011 by Ramki

The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically … Continue reading →

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Posted in Euro | Tagged , | Comments Off

EUR/USD update

Posted on June 7, 2011 by Ramki

Following the EUR/USD update of 29th May when I decided to step back and let the next move unfold, the Euro has been climbing quite steadily. Having come this far, we are now in a position to look for turning … Continue reading →

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Posted in Euro | Tagged | 3 Comments

EUR/USD update

Posted on May 30, 2011 by Ramki

I just want to clarify one little thing about my comments posted yesterday. Traders should understand that there are times when the road forks, in a manner of speaking, and the crowd chooses to follow one or the other route. … Continue reading →

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Posted in Euro | Tagged | 3 Comments

Elliott Wave Analysis of EUR/USD

Posted on May 29, 2011 by Ramki

Now that the EURO has completed its 5 wave downmove from the high of 1.4939, we need to revisit the big picture and ask ourselves again, ‘Has the EURO really posted a medium term top at that level’? In order … Continue reading →

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Posted in Euro | Tagged , | 2 Comments

USD/YEN outlook using Wave Analysis

Posted on May 19, 2011 by Ramki

One of the most common complaints against Elliott Wave analysis is that the wave counts are subject to change, and also the same graph can be interpreted differently by different analysts. The trouble with all this is the accusations are … Continue reading →

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Posted in Jpy | Tagged , , | 9 Comments

EUR/USD Elliott Wave Update

Posted on May 12, 2011 by Ramki

The EUR recovered to 1.4423 after my last comments and the outlook deteriorated steadily until it reached supports around 1.4150. Earlier today we saw a minor but unsustainable breach of that support. But the damage is done. That we breached … Continue reading →

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Posted in Euro | Tagged | 2 Comments
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