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 26th March, 2015

March 27th, 2015 · GBPUSD-FREE

Cable started the day by moving towards the upside and first target was reached and exceeded by 11 pips. Soon after, Cable retraced its advance and moved below the main hourly count`s invalidation point proving that wave (ii) green had more to offer towards the downside.

We are modifying the main count according to the latest price action as the main count expects Cable to unfold towards the upside while the alternate count expects that Cable`s decline is incomplete and new lows are around the corner.

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

[Read more →]

→ No CommentsTags:

EURUSD 26th March, 2015

March 26th, 2015 · EURUSD

As expected the euro moved towards the downside, reached our first target at 1.0875 and exceeded it by 19 pips.

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

[Read more →]

→ 1 CommentTags:

GBPUSD 25th March, 2015

March 26th, 2015 · GBPUSD

Cable respected the main count`s -very close- invalidation point and price kept unfolding within a range. Cable is yet to confirm either count.

We are updating the main count according to the latest price action as the main count expects Cable to continue unfolding towards the upside while the alternate count expects Cable to reverse directions and unfold towards the downside in a corrective manner before reversing directions and moving towards the upside.

We added tight confirmation and invalidation points. As always we will wait for either count`s confirmation point to be met to determine the highly probable count.

[Read more →]

→ No CommentsTags:

EURUSD 25th March, 2015

March 25th, 2015 · EURUSD

The euro remains undecided as it spent the day range-bound and moving sideways, although with a slight upwards bias. It’s possible that price may push higher today, but it seems more likely that another decline is due before that happens.

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 24th March, 2015

March 25th, 2015 · GBPUSD

On Tuesday`s session Cable started by moving towards the upside before reversing directions and moving towards the downside.

We are updating the main count according to the latest price action as the main count expects Cable to continue unfolding towards the upside while the alternate count expects Cable to continue unfolding towards the downside in a corrective manner before reversing directions and moving towards the upside.

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

[Read more →]

→ No CommentsTags:

EURUSD 24th March, 2015

March 24th, 2015 · EURUSD

Despite its upwards bias, the euro seems to find difficulty in forming a consistent trend. This double-nature is usually the hallmark of “diagonals”, which adds a measure of confidence to our current wave count, but also makes the market much slower and harder to trade while the diagonal is still unfolding.

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 23rd March, 2015

March 24th, 2015 · GBPUSD

On Monday`s session Cable started the day by unfolding towards the downside confirming the alternate count, first target was reached and exceeded and wave ii orange fall short of 0.618 of wave i orange by 13 pips.

We are updating the main count according to the latest price action as the main count expects Cable to continue unfolding towards the upside while the alternate count expects Cable to start by unfolding towards the downside in a corrective manner before reversing directions and moving towards the upside.

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

[Read more →]

→ 2 CommentsTags:

EURUSD 23th March, 2015

March 23rd, 2015 · EURUSD

The euro moved exactly as expected, first starting the day by moving slightly higher, then declining for about 115 pips, before strongly reversing towards the upside in a 200-pip rally. Still, despite all this action, we’re still waiting for price to push higher towards our confirmation and target points.

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 March, 2015

March 23rd, 2015 · GBPUSD

Cable unfolded towards the upside as expected and targets are yet to be reached.

We are updating the main count according to the latest price action as the main count expects Cable to continue unfolding towards the upside while the alternate count expects Cable to start by unfolding towards the downside in a corrective manner before reversing directions and moving towards the upside.

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

[Read more →]

→ No CommentsTags:

EURUSD 20th March, 2015

March 22nd, 2015 · EURUSD-FREE

As expected the euro started moving toward the upside. And even though it rallied for 270 pips, it’s yet to reach our actual targets, and so a continuation of this rally is still expected to higher levels.

Today we have two possible counts on the hourly charts, as well as our standing counts on the daily level. Both hourly counts do expect that the euro will eventually move higher, although the second expects that to happen a bit later than the first.

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

[Read more →]

→ No CommentsTags: