GBPUSD

GBPUSD 28th March, 2014

On ًFriday`s session the pound unfolded towards the upside confirming the alternate count and the specified target was reached to the pip. It is worth mentioning that the specified target did not provide us with a great trading opportunity and that the pound has been trading in a tight range. We are modifying both main …

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EURUSD – Getting Ready for an Explosive Rally

As expected the euro moved towards the downside to reach our first target and exceed it by 17 pips.

Now we have several possibilities, but we’ll focus this week on the two most probable: either the euro continues its strained decline (a possibility which doesn’t find much support in the technical picture) or it finally picks up and shoots upwards in an explosive fashion over the coming weeks.

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.

EURUSD 28th March, 2014

The euro continued its slow, strained downwards movement to 1.3706, where it hit four levels of support at different wave degrees (as we’ll show in a minute). Chances are the downwards correction is now complete and we should be ready for an explosive rally. But until this is confirmed by price action, a continuation of the downwards correction is not yet out of the picture

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.

GBPUSD

GBPUSD 27th March, 2014

On ًThursday`s session the pound started the day by moving towards the downside before moving towards the upside confirming the alternate count and the specified target was reached and exceeded. The main count expects the pound to move towards the downside in a corrective manner, while the alternate count expects the pound to continue moving …

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GBPUSD

GBPUSD 26th March, 2014

On ًWednesday`s session the pound unfolded towards the upside confirming the alternate count and the specified target was reached and the pound continued towards the upside invalidating the alternate count. We are updating the wave degree labeling for the main count and it is worth mentioning that the recent upwards movement can be interpreted in …

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EURUSD 26th March, 2014

The euro spent the day moving downwards in a fairly corrective-looking fashion. This recent development adds a new possibility for the euro, which we’re going to discuss today.

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.

GBPUSD

GBPUSD 25th March, 2014

On ًTuesday`s session the pound unfolded towards the upside confirming the alternate count and the pound fell short of the specified target by 13 pips and it continued trading near its highs. We are updating the main count according to the latest price action and it is worth mentioning that today`s MACD readings add confidence …

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EURUSD 25th March, 2014

As expected the euro moved towards the downside and came within 27 pips of reaching our first target. Price came down to test the previous low and immediately rebounded — but we expect that this test is not over yet.

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

GBPUSD

GBPUSD 24th March, 2014

On ًMonday`s session the pound unfolded towards the upside confirming the alternate count and the pound fell short of the specified target by 2 pips before reversing directions and moving towards the downside. We are updating the main count according to the latest price action and it is worth mentioning that both main and alternate …

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EURUSD 24th March, 2014

The euro started the day by moving lower and making a new low, before it shot upwards in a +100-pip move to invalidate our main count. This, however, is still perfectly inline with our medium-term count, as we’ll explain in today’s analysis.

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

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