Elliott Wave Forex - Technical
		Analysis for EUR/USD and GBP/USD

Elliott Wave Forex header image 6

 

SHORTCUTS

 

Go to
			                                                                                          EUR/USD Daily
			                                                                                          Analysis Go to
			                                                                                          GBP/USD Daily
			                                                                                          Analysis

 

 


 

 

GBPUSD 23rd April, 2015

April 24th, 2015 · GBPUSD

On Thursday`s session, Cable unfolded in a sideways manner ending the day near its opening level.

We modified the subdivisions of wave iii pink according to the latest price action and the main count expects Cable to unfold upwards in a five wave structure while the alternate count expects Cable to reverse directions and move downwards to complete the corrective structure we have been tracking.

As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 23rd April, 2015

April 23rd, 2015 · EURUSD

Still no earth-shattering events in the market today, although there are some moderately interesting updates.

Price came very close (within a handful of pips) to the invalidation points of both main and alternate counts, but it didn’t break them. This goes to show that, despite its ups and downs, price is still strictly bound within a range.

From a technical point of view, the new price developments have finally made it possible for both main and alternate counts to share the exact same internal subdivisions. This is good news for our wave analysis, as it makes us more confident in our counts (even though we still have to wait for price confirmation to know which count should be discarded).

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

[Read more →]

→ 2 CommentsTags:

GBPUSD 22nd April, 2015

April 23rd, 2015 · GBPUSD

Cable unfolded as expected and first target was reached and exceeded.

Main count expects Cable to continue unfolding towards the upside to complete the five wave structure we are tracking while the alternate count expects downwards corrective movement to complete the corrective structure.

As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 22nd April, 2015

April 22nd, 2015 · EURUSD

The market had another event-less day of no meaningful change. Price first moved towards the upside for about 85 pips, before reversing downwards and retracing all of its advance, bringing us back exactly to where we started, and leaving both of our counts exactly as they were yesterday.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

[Read more →]

→ No CommentsTags:

GBPUSD 21st April, 2015

April 22nd, 2015 · GBPUSD

Cable unfolded as expected under the alternate count and first target was reached and exceeded by 12 -pips.

Main count expects Cable to unfold towards the upside in a five wave structure while the alternate count -which remains a technical possibility- expects downwards corrective movement to continue.

As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 21st April, 2015

April 21st, 2015 · EURUSD

As expected the euro moved towards the downside, reached our first target at 1.0684, and 5 pips short of reaching our second target at 1.0645.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

[Read more →]

→ No CommentsTags:

GBPUSD 20th April, 2015

April 21st, 2015 · GBPUSD

Cable unfolded as expected under the alternate count and target was reached and exceeded by 3 pips.

Today`s main count expects Cable to continue its upwards movement while the alternate count expects Cable to unfold towards the downside in a corrective manner.

As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 20th April, 2015

April 20th, 2015 · EURUSD

Not very surprisingly, the euro exhibited a slow start for the week. Price moved as expected towards the downside, reached our first target at 1.0723, and exceeded it by 11 pips.

It’s possible that this downwards correction is now complete and that price will strongly reverse towards the upside. However, a much more likely possibility is that we’ll see more sideways-to-downwards movement, possibly for 1-2 more days.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

[Read more →]

→ No CommentsTags:

GBPUSD 17th April, 2015

April 20th, 2015 · GBPUSD

Cable unfolded as expected and targets were reached and exceeded before moving towards the downside correcting some of its advance.

Today`s main count expects Cable to continue its upwards movement while the alternate count expects Cable to unfold towards the downside in a corrective manner.

As always we will wait for either count`s confirmation point to be reached to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 17th April, 2015

April 19th, 2015 · EURUSD

The week ended in another stand-still for the euro. Other than a slight new high, both of our proposed counts remain exactly the same.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

[Read more →]

→ No CommentsTags: