by Ramki | Jan 19, 2011 | Euro
The EUR/USD is approaching the target mentioned a few days back. Take a look at the attached chart. Wave C of the irregular correction is in the final extended 5th wave, and the 100% level comes bang on at the 1.3535 area. Failure there will see a very fast paced sell...
by Ramki | Jan 19, 2011 | Euro
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...
by Ramki | Jan 16, 2011 | Euro
Following the humongous rally last Thursday/Friday it is time to go back to the slightly bigger pricture and see if any trade can be considered. A low risk trade that shows up is to sell around 1.3535 witha close by stop. The reason is the most recent low at 1.2864...
by Ramki | Jan 12, 2011 | Euro
For those who actually TRADE using Elliott Wave Analysis, my recent updates on the EUR/USD would be an invaluable guide on its real time application. ( Just to let you know, I actually put money on my recommendations on FX). You will remember that I was anticipating...
by Ramki | Jan 11, 2011 | Euro
A few days back I had suggested that we could be in an extended fifth wave, and was looking for a place to go long EUR/USD. However, the markets never rallied from the anticipated targets, signalling that it was the 3rd wave that was extending, and hence one shouldnt...
by Ramki | Jan 5, 2011 | Euro
For those looking for a short term outlook for the EUR/USD, here is the Elliott Wave analyst’s take on where we are likley to go in the next few sessions. The Euro is currently trading around 1.3220, after having come off a good distance from the 1.3430 highs....
