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GBPUSD

GBPUSD 1st November, 2013

On Friday`s session the pound unfolded towards the downside and the downwards movement was in an impulsive manner, therefore we are modifying the subdivisions within wave (iii) green to provide the best fit. Main Hourly Count – Invalidation Point: 1.6120 — 1.5903 – Confirmation Point: 1.5940 – Upwards Target : 1.5984 — 1.6034 – Wave …

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EURUSD 1st November, 2013

On the first day of November the euro grew even weaker against the U. S. dollar. Today we’ll review the pattern that has develop and see whether it calls for more weakness or a trend reversal.

Both of our counts expect similar price action during the day, but they differ in their expectations for the rest of the week.

We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.

GBPUSD

GBPUSD 31st October, 2013

On Thursday`s session the pound unfolded towards the upside as expected and the first specified target was reached and exceeded by 15 pips before moving in a sideways manner. We are updating both main and alternate counts according to the latest price action. The difference between both main and alternate counts is within the subdivisions …

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EURUSD 31st October, 2013

On the last day of October the euro experienced remarkable weakness against the U. S. dollar, causing the pair to fall 200 pips, invalidating our main count and leading us to include another possible scenario.

Both of our new counts expect similar price action during the day, but they differ in their expectations for the coming week.

We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.

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