Category Archives: Forex

Medium Term Outlook for EUR/USD EURO

What is the most likely path the EUR/USD will take over the next few weeks? What does Elliott Wave analysis of Euro suggest at this time? I think we will find decent supports just above 1.4140 level and spend several … Continue reading

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Posted in Euro | Tagged , | 2 Comments

Elliott Wave Analysis of EUR/USD

Elliott Wave analysis is always a work-in-progress. We could determine a possible target at one point in time, and once that is reached, a new higher target might become necessary depending on fresh information. It is important to understand that … Continue reading

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Posted in Euro | Tagged , | 2 Comments

Elliott Wave update on USD/JPY

The Elliott Wave analysis of USD/JPY presented to you on 12th April spoke about a deep downmove once the 4th wave was finsihed. I was looking for the fourth wave to be completed around 86.90, but the markets have come … Continue reading

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Posted in Jpy | Tagged | 6 Comments

Elliott Wave Analysis of USD/YEN

Does Elliott Wave Principle work when Central Banks intervene? Remember that wave analysis is one of our tools for trading. We are not attempting to use this as a forecasting tool as much as we use it to decide ‘when’ … Continue reading

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Posted in Jpy | 5 Comments

EUR/USD update

In my March 6th update on the Euro ( at which time the EUR/USD was trading at 1.3982) I had suggested that we will likley see a test of 1.4374. The high so far has been 1.4350. We might still … Continue reading

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Elliott Wave Analysis of USD/INR

The CFO of a large corporation based in India asked me whether it is possible to analyze the USD/INR using Elliott Wave Analysis. His company has significant exposures to the foreign exchange market, and even a small move in the … Continue reading

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Posted in Inr | Tagged , , , | 19 Comments

EUR/USD Medium Term Outlook

It is time to take a fresh look at the medium term outlook for the EUR/USD (Euro). My last update was exactly a month back (in February), but that gave a short-term outlook for the Euro (using the hourly chart) … Continue reading

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Posted in Euro | Tagged , , , , | 2 Comments

Forex Trading Using Elliott Wave Analysis

Trading the Forex markets (Foreign exchange or FX markets) requires a willingness and ability to take risks. It is a different skill to being able analyse the markets from the comfort of not risking money. Yet, blessed is the person … Continue reading

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Posted in Euro | Tagged | 4 Comments