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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.
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
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
Posted in GBP
Tagged fifth wave extension, GBP/USD, GBP/USD outlook, short term outlook, Sterling Pound
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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
Posted in AUD, GBP, India
Tagged British Pound, currencies, elliott wave analysis of AUD, Forex, GBP/USD, Sensex outlook, Sterling Pound
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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
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
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
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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