Tag Archives: GBP/USD

Elliott Wave Analysis of GBP/USD

Lookout for this post on Forbes later today. This is where you should sign up to follow my posts on Forbes! Click on the link just below my picture when you reach Forbes.

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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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Sterling Pound Short Term Outlook: Update

After the fifth wave extended as anticipated, we should now be ready for a snap back towards 1.5020/1.5070 in GBP/USD Continue reading

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Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice

Hello, I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the … Continue reading

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Sharp rally in Sterling was no surprise

On 5th October 2009, I posted an early warning to traders of Sterling Pound (GBP/USD)that there is something fishy about the decline from 1.6742, and we are likely to see another rally in the Pound. Trouble is, it is so … Continue reading

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Real Time Update on Sterling Trade Idea

This is going to be a quick update. The chart explains it all. If we come below 1.5775, we shoudl come off to 1.5685 initially and perhaps a lot lower. Here is an update on the charts above

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Intriguing Moves in Sterling

Fans of Eliott Wave analysis know that a trader has to be alert to correctly interpret new signals as they emerge. This is the ONLY way one has a chance to make money in any market, particularly in the forex … Continue reading

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Cable comes crashing

Nothing works like Elliott Wave analysis when it works!  The Pound has dropped 200 pips already. While we could expect more weakness ahead, I would like to be prepared with a plan of action should we see a strong correction … Continue reading

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