by Ramki | Jun 10, 2009 | GBP
Sterling Pound enters its 5th wave within a bigger third wave I lost about 20 pips in learning that the GBP/USD remains in its third wave, and is currently in the fifth wave position within the third. Like every other third wave, this one is not afraid to show the...
by Ramki | Jun 9, 2009 | GBP
GBP/USD technical update 9 June 2009 Although the GBP/USD dipped someway below my preferred support at 1.5920, the drop has all but reinforced my view that we could be set up for a significant down move in the coming weeks. Anyway, for the short term trader, a...
by Ramki | Jun 4, 2009 | GBP
Live Elliott Wave GBP/USD 4 June 2009 Just a few days ago, on 27 May precisely, when the GBP/USD was at 1.5983, Wave Times suggested that according to the Elliott Wave Principle, the GBP/USD or Sterling Pound was vulnerable as it approached the prior fourth wave level...
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 27, 2009 | GBP
Medium-term outlook on Sterling Pound Back in March, when Sterling was trading around 1.4450, I wrote in the FX Trader magazine, and reproduced in Elliott Wave Magic, that we are likely to see the currency approach 1.6170. The currency has today reached a high of...
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...
