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 | 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.
by Ramki | Aug 13, 2009 | GBP
All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that more than makes up for some of the opportunity lost on the way down. Also observe how nicely the Pound was pushed back by over 50 pips from the 61.8% retracement level on the...
by Ramki | Nov 24, 2008 | GBP
Whenever a currency or commodity or stock moves rapidly and too far, it sets itself up for a period of consolidation. As you are aware, Sterling has dropped like a stone from its peak, and after reaching its medium-term target of around 1.4570 (discussed earlier in...
