by Ramki | Oct 12, 2009 | GBP
This is going to be a quick update. The chart explains it all. If we come below 1.5775, we shoudl come off to 1.5685 initially and perhaps a lot lower. Here is an update on the charts above
by Ramki | Oct 5, 2009 | GBP
Fans of Eliott Wave analysis know that a trader has to be alert to correctly interpret new signals as they emerge. This is the ONLY way one has a chance to make money in any market, particularly in the forex market. The latest puzzle that faces us is actually in the...
by Ramki | Oct 4, 2009 | Jpy
There has been a lot of noise recently about the strengthening Yen. On Friday, the currency pair has closed marginally above a downtrend line of resistance, and this potentially sets up a low-risk trade for the patient participant. I am not saying that we will see a...
by Ramki | Sep 30, 2009 | GBP
Nothing works like Elliott Wave analysis when it works! The Pound has dropped 200 pips already. While we could expect more weakness ahead, I would like to be prepared with a plan of action should we see a strong correction from around here. ( I am not saying this...
by Ramki | Sep 29, 2009 | GBP
We got the dip to 1.5768 and a strong rally that has reached 1.5980 at the time of writing. I think there is a chance for some selling at 1.6003, but the bigger resistance lies at 1.6079. From one of these two places, look for a sizeable move lower.
