by Ramki | May 19, 2011 | Jpy
One of the most common complaints against Elliott Wave analysis is that the wave counts are subject to change, and also the same graph can be interpreted differently by different analysts. The trouble with all this is the accusations are true! Why, my own Elliott Wave...
by Ramki | May 12, 2011 | Euro
The EUR recovered to 1.4423 after my last comments and the outlook deteriorated steadily until it reached supports around 1.4150. Earlier today we saw a minor but unsustainable breach of that support. But the damage is done. That we breached the support is less...
by Ramki | May 8, 2011 | Euro
What is the most likely path the EUR/USD will take over the next few weeks? What does Elliott Wave analysis of Euro suggest at this time? I think we will find decent supports just above 1.4140 level and spend several days correcting the sell off. If indeed the moves...
by Ramki | Apr 26, 2011 | Euro
Elliott Wave analysis is always a work-in-progress. We could determine a possible target at one point in time, and once that is reached, a new higher target might become necessary depending on fresh information. It is important to understand that determining a target...
by Ramki | Apr 26, 2011 | Jpy
The Elliott Wave analysis of USD/JPY presented to you on 12th April spoke about a deep downmove once the 4th wave was finsihed. I was looking for the fourth wave to be completed around 86.90, but the markets have come down from 85.50 levels. I have received some...
by Ramki | Apr 12, 2011 | Jpy
Does Elliott Wave Principle work when Central Banks intervene? Remember that wave analysis is one of our tools for trading. We are not attempting to use this as a forecasting tool as much as we use it to decide ‘when’ to buy or sell (for a low-risk trade) and to...
