In our last analysis, right before the final conclusion, we mentioned that price… may continue up to around 1.1175… which it did practically to the pip, right before it dropped to its lowest point of the day. Now the stage seems perfectly set to fulfill …
On Monday`s session, Cable started the day by creating a new low before reversing directions and moving upwards. Depending on your chosen broker, you would find that Cable either reached the first target to the pip or failed to reach it by merely a fraction …
As expected the euro moved towards the upside, reached both our first and second targets, and exceeded the latter by 7 pips so far. And yet, despite our targets’ being reached, the nature of price movement during the day now suggests a slightly different count. …
In the week since we published our last weekly analysis – in which we expected to see a final rally – the market continued its staircase, slow-but-sure decline.
The ending diagonal which looked rather typical a few weeks ago is now coming out of proportion, suggesting that perhaps it had already ended a while back and a new downtrend is slowly, yet confidently, making its way in the market.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Cable unfolded inline with the main count as Cable moved below the main count`s confirmation point and targets are yet to be reached. To recap, Cable continues to provide us with plenty conflicting evidence. Main count expects Cable to continue downwards as an impulse within …
As expected the euro moved towards the downside, passing our confirmation point by 20 pips. This provides strong confirmation that a new medium-term downtrend has begun, and should continue for another week or so. However, there’s still another possibility (although much less likely) that the …
Cable continued its consolidation and it is yet to reach either count`s confirmation point. Cable provides us with plenty conflicting evidence. Those of us who wish Cable to unfold upwards would argue that the hourly MACD suggests with a clear bullish divergence that Cable is …
As expected the euro moved towards the upside, reached our first target, and exceeded it by 13 pips. The rally came in 3 waves, fulfilling the minimum requirements of a correction, and bringing momentum to what looks like an overbought state. However, the pattern can …
On Wednesday`s session, Cable did not reach either count`s confirmation point and unfolded upwards invalidating the main hourly count demanding a review for the subdivisions within wave 3 blue. The latest upwards movement -from the low of wave (i) green on the main hourly chart- …
As expected the euro started the day by moving towards the upside to reach our first target, exceeding it by only 3 pips, and then reversing downwards to complete a 5-wave impulse. The market seems to be in the right position for another fourth-wave correction …
