Archives for July 2014

EURUSD 31st July, 2014

31 July, 2014 by Tamer Elzein Leave a Comment

As expected, the euro moved in a sideways-to-upwards movement, forming a 3-waves up followed by a shorter 3-waves down. It's still 30 pips away from reaching our first target. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Read More

GBPUSD 30th July, 2014

31 July, 2014 by Nady Laymoud Leave a Comment

On Wednesday`s session Cable unfolded as expected towards the downside and targets were reached and exceeded. We are updating the main count according to the latest price action and this count expects that wave iv pink is complete and that wave v pink is at its early stages. As always we will wait for the main count`s confirmation point to be reached to gain further confidence in that count. Read More

EURUSD 30th July, 2014

30 July, 2014 by Tamer Elzein Leave a Comment

Today the euro lost another 37 pips of its value against the U.S. dollar -- which was not what we expected. However, the euro immediately regained most of its losses. In addition, momentum indicators are still showing a divergence. These two reasons, along with the larger pattern, suggest that price should see a period of sideways-to-upwards consolidation over the near-term. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Read More

GBPUSD 29th July, 2014

30 July, 2014 by Nady Laymoud Leave a Comment

On Tuesday`s session Cable unfolded as expected under the main count and targets were reached and exceeded by 7 pips. We are updating both counts according to the latest price action and -as a reminder-the alternate count expects that wave iv pink is complete and that wave v pink is starting to unfold towards the upside. It is worth mentioning that both targets are placed very close to the main count`s confirmation point and that is because we are anticipating a change in directions during the next 24 hours. As always we will wait for either count`s confirmation point to determine the highly probable count. Read More

EURUSD 29th July, 2014

29 July, 2014 by Tamer Elzein Leave a Comment

As expected under the alternate count, the euro moved in clearly impulsive manner towards the downside, reached our first target at 1.3418, exceeded it by 13 pips, and came within 9 pips of reaching our second target. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Read More

GBPUSD 28th July, 2014

29 July, 2014 by Nady Laymoud Leave a Comment

On Monday`s session Cable unfolded in a tight -30 pips- range leaving both counts valid. The nature of Monday`s movement was highly likely corrective in nature and therefore it adds to the probabilities of the main count. We are updating both counts according to the latest price action and -as a reminder-the alternate count expects that wave iv pink is complete and that wave v pink is starting to unfold towards the upside. As always we will wait for either count`s confirmation point to determine the highly probable count. Read More

EURUSD 28th July, 2014

28 July, 2014 by Tamer Elzein Leave a Comment

As expected, the euro spent the day moving sideways to upwards, though it's yet to reach our expected targets. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. As usual we'll use each count's invalidation point to confirm the other count. Read More

EURUSD 25th July, 2014

27 July, 2014 by Tamer Elzein Leave a Comment

It looks like we may have prematurely called the end of minuette wave (iii), as the euro made another low beyond its last one. This decline, however, was not backed by momentum at all, suggesting that our call for sideways-to-upwards movement was indeed correct, but just a little early. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Read More

EURUSD – The Euro In Consolidation?

27 July, 2014 by Tamer Elzein 2 Comments

As expected by our alternate count, the euro continued moving towards the downside, reached both of our targets, and exceeded them by 28 pips. We're updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. Read More

GBPUSD – Is It Time To Resume Cable`s Uptrend ?!

27 July, 2014 by Nady Laymoud Leave a Comment

This week Cable started by moving towards the upside and reversing directions exactly at the main count`s invalidation point before moving towards the downside exceeding both first and second targets. We are updating the main count according to the latest price action and as well adding an alternate count which expects Cable to reverse directions and move towards the upside within wave v pink. As always we will wait for either counts confirmation point to be reached to determine the highly probable count. Read More

Archives for July 2014

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