Elliott Waves work in all time frames

Just a quick one, to catch your imagination.
Whether you are trading the weekly charts, or the 5 minute chart, Elliott Waves work wonderfully well. You just have to acquire a feel for it, and you have won half the battle. See this example of the INR (Indian Rupee) which has come down in a nice five wave pattern today. If you are a day trader, you can spot similar opportunities in almost all well traded stocks or currencies.
Enjoy.


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New Zealand Dollar NZD Kiwi outlook

It’s been a long easy (!) road for the New Zealand Dollar, the currency that Forex traders know more affectionately as the Kiwi. But it is increasingly looking like the honeymoon is over.Take a look at the attached chart of the NZD that gives you an Elliott Wave Analysis of the currency. The New Zealand Dollar embarked on its journey back in 2009 from around the low of 0.4900 and it peaked on Aug 1st as 0.8840. That is an 80% appreciation, and I am sure exporters of the tasty butter and soft wool and healthy lambs must have been hurting all along.Well, your troubles are probably over, because over the next few months, we should come off to 0.7970 initially, and shortly thereafter to 0.7760. Further out, we will see a continuation of the decline down to 0.7170 area. Some of the unwinding could happen with a reversal in Gold, and also a decline in the price of Oil. Commodity currencies should generally suffer in the process. But enough of the fundamental stuff. You already know my views in Oil – it will go down to around $71. So let us look at the outlook for NZD, or Kiwi.
Update on 29 August 2019:Quick Question: Did you wish that you could learn directly from me on how to trade using Elliott Waves? Then you need not wait any longer. I have published what is now being acknowledged as the BEST course available online for traders. Check out https://elliottwaves.com and judge for yourself. Listen to the testimonials of people from around the world! Act now! 

EURUSD update as we approach target

The EUR/USD is approaching the target mentioned a few days back. Take a look at the attached chart. Wave C of the irregular correction is in the final extended 5th wave, and the 100% level comes bang on at the 1.3535 area. Failure there will see a very fast paced sell off initially to 1.3365, but in the bigger picture, it could come a long way down.

Update on 29 August 2019:

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Elliott Wave update EUR/USD Euro

Wave analysis is as much a work of art as science! It is constantly a work in progress. Yet we can get some very useful clues by spending some time with the charts. Take the Euro for example. We are at sort of cross roads. Are we going to rally all the way to 1.3600, or are we going to fail around 1.2850 and come off towards 1.17? My guess is the latter. Take a look.

Raves and Reminiscences

“Sweet is the memory of distant friends! Like the mellow rays of the departing sun, it falls tenderly, yet sadly, on the heart.” Washington Irving.

I have added two new pages for my old friends in the market. (They are right at the top, next to the ‘About” page).