Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts to enlarge. There appears to be quite a debate going on these days about whether the Euro is finished going down or not. In my opinion, a combination of Elliott Wave and Hurst cycle analysis suggests that the March […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The “Teflon Euro” has stayed amazingly resilient for a full year now after the initial calls for the end of a multi-year triangle emerged in February 2013. The above wave count shows that the Euro may have one more trick […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twicec to enlarge. The recent breakout to the upside indicates that the triangle that started on Halloween 2008 in the Euro is still underway. Since wave E of the triangle didn’t quite reach the most typical .618 retracement of […]
EUR/USD update by Sid from ElliottWavePredictions.com
Here’s another interpretation of the recent price action in the Euro. A corrective wave count in the Euro up from the August 6 low is confirmed by a corrective WXY double zigzag count during the same period (but in the opposite direction) in the inversely correlated USD/CHF pair. The fact that MACD divergence is already […]
Short-Term Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Short-term Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Since last posting about the Euro, I think we’ve seen 5 waves down for pink wave 1. Pink wave 2 appears to be carving out an expanded flat. Wave C green of the expanded flat is nearly […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Euro count shown in the last post was invalidated by today’s upward blast, so here is my revised main count. As you can see, I’m still thinking that the 4-year long triangle in the Euro […]
Quick Elliott Wave Update on the Euro (EUR/USD) from Sid @ ElliottWavePredictions.com
Quick Elliott Wave Update on the Euro (EUR/USD) from Sid @ ElliottWavePredictions.com. Click on the chart twice to enlarge. Today’s burst higher in the Euro does not change the main wave count. Deep wave 2’s are not at all uncommon, and the upward movement from the May 17 low still counts best as corrective. So, […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Beware of being overly bearish the euro right here. The break lower since February 27 could be a false breakout (known in Elliott Wave as wave B of an expanded or running flat). So far, it […]
EUR/USD and GBP/USD Update by Sid from ElliottWavePredictions.com
EUR/USD and GBP/USD Elliott Wave Update by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Even though the wave count in my last EUR/USD post was not invalidated, it came so very close that I revisted all timeframes on both the Euro and British Pound, and here are the results. Both the EUR/USD […]
Quick Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Quick Update on the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The Euro is following the roadmap set out in the previous post nicely. If the main count shown is correct, the Euro will rally early next week, likely through Tuesday, October 23rd. The wave 5 green target […]
