Cable unfolded as expected under the alternate count and first target was reached to the pip before reversing directions and moving towards the upside sharply. Today`s main count expects Cable to continue moving upwards within a second wave while the alternate count keeps in mind …
GBPUSD 29th October, 2015 Continue to charts & full analysis »
Today the euro defied our expectation of having one final leg down, and instead opted for a slow but consistent movement towards the upside. The relative speed and extent of this new rally strongly suggests that it’s part of a larger upwards correction. There are …
EURUSD 29th October, 2015 Continue to charts & full analysis »
Last week we expected the euro to start falling again, which was exactly what happened. Price came crashing through our confirmation point, and then continued downwards to come 33 pips short of reaching our first target.
This price drop occurred in 5 waves, which strongly confirms our view that the downtrend is back in play. But as we know by now, every completed 5-wave sequence needs to be countered by a corrective move in the opposite direction, which is what we expect to see during this week.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Cable unfolded downwards as expected and both first and second targets were reached and exceeded by 8 pips and Cable is very close to its lows at the time of publishing today`s analysis. The recent downwards movement suggests that a leading diagonal is complete and …
GBPUSD 28th October, 2015 Continue to charts & full analysis »
As expected the euro moved strongly towards the downside, reached both of our targets, and exceeded them by 21 pips. It did this right after making a slight new high, a possibility which was also accounted for by the alternate count. Now we have five …
EURUSD 28th October, 2015 Continue to charts & full analysis »
Cable unfolded downwards confirming the main count and -so far- Cable fell short of the first target by 2 pips. We are updating the main count according to the latest price action and the main count expects that Cable is forming a series of first …
GBPUSD 27th October, 2015 Continue to charts & full analysis »
Today the euro chose to follow the path that was laid down by the alternate count, as it continued to move slowly and aimlessly towards the upside, coming short of reaching our first target for the alternate count by 4 pips. This leaves us essentially …
EURUSD 27th October, 2015 Continue to charts & full analysis »
In the previous analysis, the main count expected upwards movement while the alternate count focused on the downwards probabilities for Cable.
Cable confirmed the alternate count and both targets were reached and exceeded.
This week`s main count expects Cable to continue downwards while the alternate count expects upwards corrective movement before resuming the downtrend.
On Monday`s session, Cable unfolded in a tight range leaving both main and alternate counts valid. We are updating both counts according to the latest price action and the main count expects that Cable is forming a series of first and second waves which in …
GBPUSD 26th October, 2015 Continue to charts & full analysis »
As expected the euro spent the day moving slowly towards the upside, although it came short of reaching our targets. The structure of this corrective movement seems complete, and its subdivisions exhibit perfect Fibonacci relationships, which is why our main count expects a resumption of …
EURUSD 26th October, 2015 Continue to charts & full analysis »
