by Ramki | Oct 12, 2011 | Euro
It is almost a full month since I presented you some analysis on the EURUSD. As discussed last time, Elliott Wave Analysis is a dynamic approach to the market. Your goal should not be to showcase that you can anticipate price patterns and targets correctly. Rather, it...
by Ramki | Sep 18, 2011 | Inr
There have been many calls for an analysis of the Indian Rupee, which has recently seen a bout of weakness. I am often amazed at how importers and exporters alike are not able to take simple decisions about hedging at certain levels which make a compelling case for...
by Ramki | Sep 18, 2011 | Euro
When we are trying to adjust our wave counts in a dynamic environment, it is important to be aware of the potential of an alternate count. This is why I had posted a second time on 12 Sep, hinting that we could get a rally to 1.3840 if the decline we saw to 1.3500 was...
by Ramki | Sep 12, 2011 | Euro
NOw that we have actually reached 1.3670, you need to know when it is confirmed that the move is over. We don’t want a scenario where because of the extended 5th wave seen in the last chart that we get a quick rally back to 1.3840, do we? Alternately, there is the...
by Ramki | Sep 12, 2011 | Euro
Here is a quick update on the EURUSD. Remember, when you are trying to deal with a live market, you keep adjusting your strategy as it unfolds. This morning, the EURO gapped down to 1.3565 (our 100% projection level). From there, it recovered to 1.3620 and then got...
by Ramki | Sep 11, 2011 | Euro
The European situation has come to a quick boiling point, and the ECB action/words (plus the resignations etc) have all but pulled the supports under the currency. The charts give you some indication of how I am counting the waves, but the more interesting question is...
