Cable Chart - 31 Jan

Cable Wave 5 in Ending Diagonal?

Hi All,

Since wave 1 of 5 became valid, so i came up with Ending diagonal as wave 5.. So wave 1 is confirmed nicely as Zigzag & wave 2 is in progress..

GbpUsd Elliott Wave Analysis - 31 Jan

Hi all,

Below count is became invalid after wave 4 overlapped in the range of wave 1.

UsdChf Hourly Chart - 30 Jan

EurUsd Hourly Chart - 30 Jan

EurUsd 4Hours Chart - 30 Jan

Last wave down before it shoot up..

EurChf H4 Chart - 30 Jan

Triangle in EurGbp?

Hi all,

There is possibility for triangle formation in EurGbp.

UsdCad Elliott Wave Analysis H4 Chart - 29 Jan

UsdChf Hourly Chart - INVALID 30 Jan

GbpUsd M30 Chart

GbpJpy Chart - 28 Jan

UsdChf Elliott Wave Analysis Hourly Chart - 28 Jan

Elliott Wave Analysis Kiwi H1 - 27 Jan

Hi all,

And here also one possible count for Kiwi, where 5 subwaves down are completed in wC.

GbpUsd M15 Chart - 27 Jan

Hi All,

Cable has finally finished its subwave C up 1.4240, making the end of wave 4 up too.

Euro setting up for a short trade

EurUSD has rebounded from lows and looks like its forming the corrective 4th wave. Graph would tell you more. Take a look -



1.3380 to 1.3450 looks a good level to go short. Hourly candles have formed a gravestone doji. can keep a s/l above it. Daily graph is looking strong though. Short trades should be swift to cut above 1.35.

Cable chart

I am not going to post any chart today. This is more of a commentary on what is going to happen in the US Stock market going forward and its impact on the US Dollar. Now i am not going to convince every body that market has bottomed out, the angels are falling from sky to help investors and the Obama is the superman for a nation in debt. Certainly, nothing has changed since Nov 2008. I believe that market is waiting for another leg down. This time, however, its going to be slow and steady downward trend. I see the DJI level of 8000 as medium term bottom/support. The next leg down should cover another 1000 point of DJI. That is expected to happen when the earnings season is fully over, oil drops again to US $ 35 levels, and Obama administration fails to attract Congress.

Now, on FX, as this forum is focused on Forex moves/charts. I am forecasting a one sided view here and not being Technical for a while. Fundamentals suggest that US dollar will be the superhero for the next 6 months as i see Euro to dive to 1.20 or below, GBP down @ 1.20-1.25, CAD 1.35.

This is based on the following. US has already lowered interested rates to near zero. Other are going to follow that soon. By Dec 09, ALL G7 will have zero percent Interest rates. By that time, i believe that the US will start increasing to tighten inflation issues.

The risk aversion continues to dominate.

Euro and GBP loses their charm as safe deposit Assets. I have a feeling if a European nation goes bust, may be the fate of Euro is in doubt and then a dive to parity may be.

More comments to follow soon.

If you like or even dislike, please do comment.

email : azafar78@gmail.com

Cheers, happy trading

UsdCad Hourly Chart - 24 Jan

Crude Oil Wave Count

Since crude oil gave a breakdown below the expected tip of primary wave 1 the wave structure has changed dramatically. Long term price damage to crude oil prices is extensive and can lead lower prices over the next few years. Take a look at the current 'altered' wave count for crude oil -




We are now in the first leg down for crude oil. The current move is the wave 'A' of the ABC decline. The lower degree wave 4 ended at level of $25. So it is possible that crude oil prices might decline to this levels before the next bull run emerges. The short term for oil price is looking much more promising. In the wave 'A' we have already formed the wave 3 low and are possibly in wave 4. Take a look -



In the very short term crude oil may reach the expected target of $55 if it is able to cross $46 on a daily close. $38 should serve as a strong support.

For previous posts and analysis see this link - http://www.sahilkaps.blogspot.com/

EurUsd H4 Chart - 23 Jan

Hi all,

my other possibilities for EurUsd, count down move as corrective waves.

Im looking for bottom to go LONG..

UsdChf Weekly Chart - 23 Jan

Hi all,

I am looking for triangle wave B.

GbpJpy Daily Chart - 23 Jan

Hi Fijun,

Here is my GbpJpy chart..

NzdUsd Hourly Chart - 23 Jan

Cable Yesterday Chart - Update

Here is the updated for yesterday chart. It went well with our wave counts.



Below are the charts posted yesterday. For wave 5 target.

UsdJpy Daily Chart - At 13 Years Low

Cable M15 Chart - 22 Jan

UsdChf H4 Chart - 22 Jan

UsdChf 30Mins Chart - 22 Jan

Elliott Wave Analysis for GbpUsd

GbpJpy Monthly Chart - 21 Jan

GbpUsd Daily Chart - 21 Jan

Hi Pian,

Here is the GbpUsd Chart. Pls feedback.

How Does Elliott Wave Analysis Work?

Elliott wave analysis is based upon the Elliott Wave Principle, which states that investor psychology is the real engine behind the stock markets. More>>

How Can I Apply the Elliott Wave Principle?

When investors first discover the Elliott Wave Principle, they’re often most impressed by its ability to predict where a market will head next. More>>

Where Did the Wave Theory Come From?

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What is the Elliott Wave Principle?

The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. More>>

Elliott waves - UsdJpy Hourly Chart - 21Jan

End of an Empire-Citi Bank Chart

Folks, here you go with Citi bank. Monthly Chart from 1995.

Just wanted to show you what can happen to the world's biggest bank. Strange times, isn;t it.

EURUSD coming under pressure

Hi Guys,

Finally EURUSD went off the key level. 1.3000.

As per my LT view, which was shown in the last EURUSD post, the pair had to break in any one direction. Finally it has done that.

If anyone had shorted as per my earlier chart : @1.3110, he/she is already in Profit. The pair is down almost 2oo pips since morning.

Again , see this chart. Now ST view.

I am being specific now. Sell Short again. But remain in the area. (the yellow highlighted one) . If it breaches upwards, be careful and exit.

happy trading.

EurGbp Hourly Chart - UPDATE

Hi all,

Here is the chart is the update of 19 Jan Hourly chart. Had set the target of 0.9210 and it has been reached.

Below is the 19 Jan Chart

AudUsd Hourly - 20 Jan

UsdCad 30 Mins Chart - 20 Jan

Hi all,

Correction w B is near to end, so gonna have opportunity to go SHORT.

EurUsd Hourly Chart - 20 Jan

UsdChf Reversed Count - 20 Jan

Hi all,

I have reversed my count for UsdChf. New see chart for new count..

EurChf Hourly Chart - 20 Jan

hi all,

Attached is the Eur/Chf Chart. 5waves impluse waves are formed already, now it moving in corrections ZigZag, Flat or Triangle.

EurUsd Chart

Stay Put and watch the Blue and Red lines. There is ample chance in Eur/Usd to break away in one direction in late Jan 2009

Elliott Waves - NzdUsd 4 Hours - 19 Jan

5waves - NzdUsd Hourly Chart - 19 Jan