by Ramki | Sep 4, 2011 | GBP
The Pound has finished a five wave move from 1.4235 to 1.6720. Hence, we will be looking for a correction that is bigger than either of the two corrections seen during the 5 wave upmove. All corrections tend to be in sets of three waves (or their combinations) As wave...
by Ramki | Aug 21, 2011 | GBP
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 a 3 wave pattern, ABC. We seem to be in...
by Ramki | Aug 4, 2011 | NZD
It’s been a long easy (!) road for the New Zealand Dollar, the currency that Forex traders know more affectionately as the Kiwi. But it is increasingly looking like the honeymoon is over. Take a look at the attached chart of the NZD that gives you an Elliott Wave...
by Ramki | Aug 3, 2011 | Chf
I would like you to go back to my USDCHF update of 19 July 2011, where readers were urged to follow the progression of the fifth wave very carefully, because once that was completed, we will get a correction that will last all summer. I believe that today’s low at...
by Ramki | Jul 26, 2011 | GBP
Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott Wave Principle point of view, it did not seem...
by Ramki | Jul 19, 2011 | Chf
The last time I wrote my Elliott Wave Analysis of Swiss Franc or USD/CHF was back in 2008. Guess that was a long-enough break! If you are trading the USD/CHF, or if you are a corporation exposed to the Swiss Franc’s exchange rate movements, then this post could prove...
