Category Archives: Forex

EURO starts new downtrend

I wanted to add this quickly, but my prior post had already gone off. Please read both this and the previous post

Share
Posted in Euro | 2 Comments

EUR/USD starts new downtrend

In all probabilty, yesterday’s high at 1.3539 marked the end of a complex correction for the EUR/USD and so we are potentially in the middle of the first leg of a new short-term downtrend. In case you had sold around … Continue reading

Share
Posted in Euro | Tagged , , | 1 Comment

EURUSD update as we approach target

The EUR/USD is approaching the target mentioned a few days back. Take a look at the attached chart. Wave C of the irregular correction is in the final extended 5th wave, and the 100% level comes bang on at the … Continue reading

Share
Posted in Euro | Tagged | 2 Comments

EUR/USD update

Following the humongous rally last Thursday/Friday it is time to go back to the slightly bigger pricture and see if any trade can be considered. A low risk trade that shows up is to sell around 1.3535 witha close by … Continue reading

Share
Posted in Euro | Tagged | Leave a comment

How to trade EUR/USD using elliott wave analysis

For those who actually TRADE using Elliott Wave Analysis, my recent updates on the EUR/USD would be an invaluable guide on its real time application. ( Just to let you know, I actually put money on my recommendations on FX). … Continue reading

Share
Posted in Euro | Tagged , | 1 Comment

EUR/USD outlook near term

A few days back I had suggested that we could be in an extended fifth wave, and was looking for a place to go long EUR/USD. However, the markets never rallied from the anticipated targets, signalling that it was the … Continue reading

Share
Posted in Euro | Tagged , | Leave a comment

EUR/USD update

Earlier today, I had suggested that there is a good chance for the Euro to recover from within the 1.3180/00 window back to above 1.3300. I had personally gone long just above the 1.3200 lvl and got stopped out. (No … Continue reading

Share
Posted in Euro | Tagged | 2 Comments

EUR/USD outlook short term trading

For those looking for a short term outlook for the EUR/USD, here is the Elliott Wave analyst’s take on where we are likley to go in the next few sessions. The Euro is currently trading around 1.3220, after having come … Continue reading

Share
Posted in Euro | Tagged , | 1 Comment