Outlook for India’s NSE index

The outlook for India’s much watched NSE index is that we are in a complex correction and hence would expect the current strength to peter out between 5680 and 5900. The old target of sub 4800 is still valid, in my view. So I would caution againt buying anything...

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 who can combine his trading skills...

EUR/USD outlook

After coming down twice to around 1.3400, the EURO recovered its poise and is looking strong again. So we discard our previous analysis ( that effort having served us well during the down move from 1.3538 to 1.3395) and go back to the charts again. Remember that...

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

EUR/USD starts on 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 1.3535, I urge you to place a stop loss at your...