• About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
Top News

Has Meta (Facebook) stock seen the bottom

March 21, 2022

What Is The Nearest Technical Support For Meta (NASDAQ: FB)

February 7, 2022

Using Elliott Waves to Capture a Trade in S&P500

January 27, 2022
Facebook Twitter Instagram
Facebook Twitter Instagram
WaveTimes Blog WaveTimes Blog
Wave times
  • About
  • Elliott Waves
    • Elliott Waves Explained
    • Elliott Wave Magic Illustrated with Wave Charts
    • Elliott Wave Edge – How Elliott Wave Traders Win
    • Fibonacci Number Series and Elliott Waves
    • How to use Fibonacci Ratio Retracements
    • Elliott Wave Books
      • The Elliott Wave Book – Five Waves to Financial Freedom
      • Dividend Growth Investing Using Elliott Waves
    • Videos
  • Equities
    • Indices
      • Africa
        • Egypt
      • Australia
      • European Indices
        • AEX – Index, Amsterdam
        • DAX Index
        • Istanbul
        • Russia
        • Spain’s IBEX 35
      • Asian Indices
        • India
        • China
        • Dubai
        • Kuwait
        • Kuala Lumpur
        • Pakistan
        • Saudi
        • Taiwan
      • US Indices
        • S&P500
        • Nasdaq
        • Dow Jones
        • Dow Jones Utilities
    • Stocks
      • Asian Stocks
        • Indian Stocks Trading
        • Dubai Stocks Outlook
        • Japanese Stocks
        • Kuwait stocks
        • Saudi Stocks Outlook
      • African Stocks
        • Egyptian Stocks
      • Swiss Stocks
      • Australian Stocks
      • European Stocks
      • US Stocks outlook
      • UK Stocks
  • Commodities
    • Copper
    • Gasoline
    • Gold
    • Natural Gas
    • Oil
    • Palm Oil
    • Raw Sugar
    • Rubber
    • Soybean Oil
    • Silver
  • Forex
    • AUD
    • Bitcoin
    • CAD
    • CHF
    • Euro
    • GBP
    • INR
    • NZD
    • JPY
  • Raves
  • Consulting
    • Consulting
  • Ramki’s Watchlist
WaveTimes Blog WaveTimes Blog
Home » Elliott Wave Analysis of Euro
Euro

Elliott Wave Analysis of Euro

RamkiBy RamkiNovember 28, 20101 Comment2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email

On November 9, I suggested in these pages that the high at 1.4281 was probably an irregular B wave and so after a brief downmove, we should look for a move higher from 1.3650 (with1.3570 being the outer limit of the so-called correction). Any casual reader who looks at the prices once in a while will probably smirk when he sees that the Euro is currently trading around 1.3250, just about ten big figures lower than the target of 1.4250 mentioned only two weeks ago. We shall not try to rob him of his pleasure. However, for those who have not lost faith in the Wave Principle, this is a valuable lesson. First of all we should recognize the secret of markets, which is…there is no secret and there never will be. There is no touchstone. There is no ‘guru’ who can tell you the market will do this and be right all the time. What is true, however, is Elliott Wave principle comes closest to what a serious trader or investor really needs to be successful in the markets. Take my most recent analysis. Did we not get a 150 pip rally from near 1.3650 and another 200 pip rally from 1.3570? WHat should you do if the markets turn around AFTER producing those rallies and breaks your first support? You will re-assess the situation, right? It doesn’t matter if Ramki is away on holiday. The markets are there, with a zillion traders still buying and selling as if there is no tomorrow! So, when a new development happens that is not in line with the original analysis, we should go back to the charts and think through the wave counts. Try it yourself today and I will present you with my version in a couple of days. Good luck.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleCOMEX SILVER :Elliott Wave Analysis
Next Article Palm Oil Outlook 29 Nov 2010
Ramki
  • Website

Related Posts

How we traded EURJPY recently

October 23, 2019

An example of EURUSD analysis using Elliott Waves

May 8, 2018

What WaveTimes could do for you in EURUSD

May 8, 2017
View 1 Comment

1 Comment

  1. Sam on November 30, 2010 8:57 pm

    Good Day Ramki,

    Regarding the Euro, my thoughts are that the 5th wave was completed at 1.428. That we are currently finishing off wave C of the ABC correction, and for the upside to resume again from point 1.2953.

    That level (1.2953) would mean that Wave C is exactly equal to Wave A that ended at 1.3445. My concern is that Wave B was only 38.2% of wave A, where as in most books, they state that wave B must be ‘at least’ 50% of wave A.

    That said, i will be long should that level be hit, with a stop of course. I think the Bearish sentiment on the Euro right now is perfect for the start of a new 5 wave that can take us maybe towards 1.6 next yr.

    Best wishes,

    Reply

Leave A Reply Cancel Reply

Recent Posts
  • Has Meta (Facebook) stock seen the bottom
  • What Is The Nearest Technical Support For Meta (NASDAQ: FB)
  • Using Elliott Waves to Capture a Trade in S&P500
  • Hedge Funds and Elliott Waves – Netflix $NFLX
  • When Elliott Waves applauds the promoter’s signals!

WaveTimes is a Research Organization dedicated to providing original analysis, reports, reviews, and insights on developments in mutual funds, stocks, investing, foreign exchange, commodities, and bonds.

Contact WaveTimes

L-601 Mantri Espana,

Kariyammana Agrahara, Bellandur, Bangalore 560103

Follow Us

  • Facebook
  • YouTube
  • Twitter

© 2023 Wave Times. All Rights Reserved.
  • About
  • Books
  • Privacy Policy
  • Policies and Standards

Type above and press Enter to search. Press Esc to cancel.