by Ramki | May 31, 2009 | Euro
Medium Term Elliott Wave Analysis of EUR/USD One of the golden rules to follow is never make a forecast! That doesn’t mean one shouldn’t have a plan of action ready. What the pundits say is the market has a mind of its own, and you are very likely to be wrong if you...
by Ramki | May 21, 2009 | Euro
This is a daily chart of EUR/USD The Euro has been in an uptrend for a while and looks it can reach the 1.3920/30 level this time. Observe how I have drawn the Fibonacci ratio from a top that has been cropped and placed in line with prior key levels. You could then...
by Ramki | Mar 20, 2009 | Euro
Elliot Wave Analysis is more reliable than your newspaper reports. But let us face it. We have grown up in a society where most people believe what they see in print. (True, a lot of people also believe what they hear on CNBC!). Let me share with you a recent headline...
by Ramki | Dec 11, 2008 | Euro
The Euro has come a long way from below 1.24, and is currently trading at 1.31 levels. The daily charts still point to further gains, but in the bigger picture, we still have one more short trade left. The perfect level for the short trade will be above 1.35, perhaps...
by Ramki | Nov 26, 2008 | Euro
The EUR/USD rally that we are currently witnessing is capable of going back above 1.3200, but I would urge caution above 1.3215. The currency had reached 1.3294 last time, and it could still go there, but this is still a bear market, and until we get two closes above...
by Ramki | Nov 20, 2008 | Euro
The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts. Typically, a market comes down to the level...
