GBP/JPY "Triple Three"?

Hi all,

Here is my GBP/JPY Chart..

Initially though these corrective waves are "double three", but now looks like it forming "triple three".

Elliott Wave Analysis - GBP/USD H4 Chart

China calls for new global currency system

China has called for a reform of the current global currency system which now relies on the US dollar for international payments. Officials from the International Monetary Fund and developing countries have welcomed the suggestion. Yuan Xiaoyuan takes a closer look into the question of a new currency that's creating quite a stir. More>>

5Waves - GBP/JPY M30 Chart

Nzd/Jpy Weekly & H4 Chart

Another USD/JPY Chart

5waves - GBP/JPY Daily Chart

USD/JPY Other possibility

Hi Tim,

Hers is my other possible USD/JPY chart. If this is the case then it will go up until/around 103. In my early chart with i posted here, took wave 5 as truncated mainly because of Usd/Yen correlation factor with Chf/Jpy and Nzd/Jpy pairs. It mayn't the case, lets see what gonna happen.

Elliott Wave Analysis NZD/USD Weekly

Hey Guys,

Here is my Nzd/Usd chart. I guess this pair gonna lower for wave 5.

AUD/JPY Weekly

Hello,

Here is my Aud/Jpy weekly chart with Elliott Wave Counts. I'm not sure how many of you trading this pair, me too seldom look at this pair, but this setup looks well for bearish move.

Elliott Wave Analysis - USD/JPY Montly

Hello There,

Its Monthly Elliott Wave Analysis for USD/JPY pair. We are in the wave 5..

EW Analysis - USD/CAD Montly

Elliott Wave Analysis - GBP/JPY MONTHLY

EUR/USD Monthly

Cable Monthly

We are near the end of march, so here is the updated GBP/USD Montly Chart.

USDJPY H4

AUDUSD update

Updated chart

Original Chart posted here on Feb 6, 2009

EURCHF H4

USDCAD Update

Hi all,

Here is the initial chart that posted here on March 2.

Below is the updated chart captured today.

Elliott Wave Analysis - EURCHF H1

USDCAD 4Hours

Hi all,

My UsdCad Chart, its near completing triangle. Wave E will end near 1.21 range.

GBPUSD

Hi all,

Here is the alternate view for cable,
Found this count in forum which was posted by Justy.


Here is

NZDUSD Hourly

AudUsd

EURUSD M30

AUDUSD Daily

USDJPY

Euro Wave Count

Euro is poised to decline from current levels. The following two graphs are self explanatory. 1.43 is the resistance to risk, rewards could be much larger, possible 1.16 euro levels.

Euro Long term wave count -



Short term -

Elliott Wave Count on Gold

Gold prices have done nothing in the last six months. Gold is one of the few asset class which has not declined in price compared to massive decline in other asset classes. From being a long term bull in gold and maintaining the view that gold prices are headed to $1200 over a period of time, I have become cautious of the rising bearishness in the underlying gold market. I have expressed this opinion in my intermarket articles which called for a top in gold when it touched $1000 few weeks back. See this link

The continuous flow of funds to ETFs has been taken as a big positive for gold's bullish case. I don't share that view. The mass investments always don't do good in terms of returns. Gold price in terms of Asian currencies have been very strong and especially in terms of INR. Gold priced in INR terms has made higher highs continuously and still looks like it is forming a consolidation inside a flag. The INR depreciation has played a pivotal role in the current rise in gold prices in India.

My last elliott wave count involved the probability that gold was forming an ending diagonal in the double zig zag final upleg 'c'. However that proved dead wrong as gold first declined nearly $80 and then gave a strong upward rally negating the formation.

I am revising my long term wave count in gold. Primarily I think gold is still in the wave four forming the second leg of a ABC-X-ABC double zig-zag pattern. Take a look -

The current move in gold being the intermediate corrective wave can rise disproportionately. The wave structure in gold prices is quite complex and the fall should happen in simple ABC correction once the intermediate 'x' completes.

The view that gold prices might break to new highs before declining comes from the fact that prices have again broken out of consolidation. A giant broadening formation has been successfully tested in gold which gives an expected target price of around $1210. See the graph below -




The short term wave count looks like we have entered the wave 'c' in the double zig-zag abc wave. Take a look -



Gold has been viewed as safe haven and it has risen quite well relative to the financial sector in the US. The S&P Bank index relative performance to the S&P 500 has been quite useful in understanding the short term strength in the risk aversion sentiment. S&PBank Index/S&P500 has been moving inversely to gold prices since the crisis began and shows how market is pricing in the risk sentiment in two different markets.



The financial media and other market participants are focusing attention on making a bullish case for gold. When markets price in deflation expectation, gold prices are 'expected' to rise due to risk aversion and in inflationary expectation buildup it is the inflation hedge that makes gold attractive. However, gold prices have done very little to make that case for itself.

Gold prices stand at $950 at present and a blow-off rally can actually take place if investors run wild in buying all the gold they can. This might happen if gold pushes to new highs, but a large upmove sustaining its head for long looks less probable. From where the market stands, it looks an attractive counter to go short if it breaches $880 again. That would in time lead to the biggest sell-off that the current crisis has unfolded. Meanwhile, let the price resolve out of this trading band

Sahil Kapoor

EurUsd Hourly

GbpUsd Hourly

UsdChf Hourly

EurChf Hourly

EurGbp

USDCAD HOURLY

EURCHF H1

AUD/USD Hourly

GBPUSD m15

GBPUSD H1 Chart.

USDJPY 4Hours

Hi Tim,

Here is the usdjpy chart.. Have redraw my chart to wave 4 trinagle.

AUD/USD 5Mins Chart

Cable Alternative View

UsdChf

Aud/Usd M15 & M30 Chart