by Ramki | Jul 27, 2010 | GBP
The Medium Term Elliott Wave Analysis of GBP/USD posted here on 11th May (when Sterling was trading at 1.4836) suggested that we will first dip to 1.4226 and then rally to around 1.5500. The actual low was 1.4230 and today we are trading at 1.5590 levels. A couple of...
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 | Jun 1, 2010 | AUD
The Elliott Wave analysis of AUD/USD published on 24th May in wavetimes suggested that any recovery to 0.8550 levels will find fresh sellers. The downside objective was below 0.7800. To our delight, the currency ran into a brick wall on 28 May exactly at 0.8551 and is...
by Ramki | May 25, 2010 | GBP
The Sterling Yen cross, or GBP/JPY has been a bit difficult to trade for most people in recent weeks. Clearly the easy-money days are gone. Yet, one can hardly recommend a buy here. The sentiment is overwhelmingly negative and we don’t know how much exposure UK banks...
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 24, 2010 | AUD
There are two interesting developments in a chart that makes me sit up and take notice. One is an extending fifth wave, The other is a failed fifth wave. The Australian Dollar or AUD/USD had posted a failed fifth wave last week and I had warned you to look for a sell...
