Month: October 2016

EURUSD 28th October, 2016

The euro once again favored our alternate count by moving towards the upside, reaching our first target, and missing the second target by 14 pips. We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

GBPUSD: Elliott Wave Weekly Road Map!

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.

EURUSD: Is That It For the Euro? Probably Not Just Yet.

After a clearly bearish couple of weeks — not to mention a bearish recent history in general — it’s only natural to assume that the euro has lost the game and the U.S. dollar is back in power.

And yet, our preferred count suggests the euro is about to enter a period of recovery, where it will regain between 300 and 500 pips of its value over the span of several weeks, maybe months.

On the other hand, the possibility that a new downtrend has begun and is here to stay can’t be dismissed, and our alternate count examines the long-term consequences if that happens.

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

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