by Ramki | Sep 12, 2010 | Euro
Our medium term outook for the Euro , ie EUR/USD, has been that after reaching around 1.3265/85, the currency should come off yet again, and perhaps test the 1.15 levels.(Refer to the updates on 18th July, and also 12th Aug, We got the rally to 1.3333, and a 5-wave...
by Ramki | Aug 19, 2010 | Euro
Elliott wave analysis requires the trader to have an open mind about what could happen. The wave principle is capable of giving you a road map. You follow the signs until you run into an obstacle, at which time you will be presented with another map. Unfortunately,...
by Ramki | Aug 12, 2010 | Euro
Long time followers of my Elliott Wave analysis know that I propose an idea, and then follow it faithfully until proved wrong. The value of this approach is it allows us to take low-risk positions, while always remembering that we could be wrong. It has been my view...
by Ramki | Jul 18, 2010 | Euro
My last Elliott Wave analysis of EUR/USD was posted on 24th May. When dealing with the bigger picture, I find it generally useful to leave the markets to sort out the minor squiggles by itself. For the corporate treasurer and hedge fund manager as well as other medium...
by Ramki | May 24, 2010 | Euro
Wave analysis is as much a work of art as science! It is constantly a work in progress. Yet we can get some very useful clues by spending some time with the charts. Take the Euro for example. We are at sort of cross roads. Are we going to rally all the way to 1.3600,...
by Ramki | May 19, 2010 | Euro
The Financial Times editorial of Monday 17th May is emphatic: a weak Euro will boost the eurozone’s export competitiveness, and hence should be welcomed. If this wisdom becomes accepted widely, then there need be no fear of intervention, and the markets could sell on...
