Rally from 86.41 is taking the form of an impulse when pair is close to complete wave (( iii )) with a test of 90.35 – 90.70 area. Following completion of wave (( iii )) expect a corrective pull back (triangle, double correction or FLAT)in 3 or 7 swings and another leg higher to complete […]

The pair has hit our target of 67.94 (1.236 ext) from our previous blog published on 7.22.2013. Now that the target has been hit, it’s time to take another look at the pair. We expected the pair to hit 67.94 target in wave ( c ) of a 7 swing structure from 2011 lows but speed , […]

Wave B has completed with a test of 0.8650 so as this level holds, we like the idea of more downside in the pair. We don’t like buying into proposed wave ( b ) pull back. If you would like to receive accurate & timely forecasts for 25 instruments that we cover, why not Sign […]

Wave ( b ) appears to be taking the form of a triangle so while below 1.4884 and more importantly 1.4931, expect more downside initially toward 1.4626 – 1.4684 initially. As wave (a ) was a 3 wave move so we don’t like selling the pair into the proposed swing lower. If you would like […]

Pair has completed a cycle from 0.8731 & 0.8770 highs so expect a recovery in series of 3 waves toward 0.8635 – 0.8667 where pair can find sellers and attempt to resume the decline. Give recovery from 0.8500 low is so far in 3 waves, we don’t like buying the pair into the proposed move […]

Following a triangle consolidation, pair is expected to break lower toward 0.8541 and perhaps a little lower to complete wave (( w )) before pairs turns higher to correct the entire decline from 0.8770 high. Break of 0.8610 is needed to confirm wave (( w )) low is in place. If you would like to […]