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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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.
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 …
GBPUSD – Is It Time To Resume Cable`s Uptrend ?! Continue to charts & full analysis »
