Category: British Pound

British Pound forecast as of 08/25/2009

GBPUSD – Like last week, Elliott shows that market is in the process of  “Zig-Zag” (ZZ) 2nd wave in the range of 1.5059 – 1.6298 between September 11th and December 29th .

Market move above 1.70 makes it more likely that ZZ 3rd wave up has started.

GBPUSD5_090825_Blog

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Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

British Pound forecast as of 08/18/2009

GBPUSD – Elliott shows that market is in the process of  “Zig-Zag” (ZZ) 2nd wave in the range of 1.5059 – 1.6298 between September 11th and December 29th .

Market move above 1.70 makes it more likely that ZZ 3rd wave up has started.

GBPUSD5_090818_Blog

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Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

British Pound forecast as of 08/11/2009

GBPUSD – After recent move down, it is again more likely that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.4576 – 1.5840 between July 14th and October 23rd.

Market has time to move higher, with out invalidating this scenario. Market move below 1.60 confirms DZ 2nd wave. Market move above 1.70 makes it more likely that DZ 3rd wave up is in process.

GBPUSD5_090811_Blog

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Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 08/04/2009

GBPUSD – Last week’s scenario is completely valid, but it is also possible that market is still in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.4576 – 1.5840 between July 14th and October 23rd.

Market has time to move higher, with out invalidating this scenario. Market move below 1.60 confirms DZ 2nd wave.

GBPUSD5_090804_Blog

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Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 07/28/2009

GBPUSD – With the last couple of week’s move, Elliott shows that market might be in the process of “Double Zig-Zag” (DZ) 3rd wave in the range of 1.8779 – 1.9051 between September 18th and November 9th.

It is more likely though, that market is still in the process of  DZ 2nd wave, like shown in last week’s forecast.

GBPUSD5_090728_Blog

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Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 07/21/2009

GBPUSD –Elliott shows that market is in the process of “Double Zig-Zag” (DZ) 2nd wave in the range of 1.4576 – 1.5840 between July 14th and October 23rd.

Market move above 1.7000 makes this less likely.

GBPUSD5_090721_Blog* Click on chart to view larger image and print.

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 07/14/2009

GBPUSD –Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 1.2886 – 1.4474 between September 3rd and December 22th .

Market move above 1.6750 makes this less likely.

GBPUSD5_090714_Blog

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Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 07/07/2009

GBPUSD –Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 1.2886 – 1.4474 between September 3rd and December 22th .

Market has been in a narrow range for couple of weeks, if it breaks up, the pattern might change.

GBPUSD5_090707_Blog

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Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 06/30/2009

GBPUSD – Currently Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 1.2901 – 1.4450 between July 28th and October 26th .

Market has been in a narrow range for couple of weeks, if it breaks up, the pattern might change.

GBPUSD5_090630_Blog

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Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

British Pound forecast as of 06/23/2009

GBPUSD – Currently Elliott shows that market is in the process of “Flat” (FL) 2nd wave in the range of 1.2909 – 1.4437 between August 10th and November 13th .

It is worth noting that the FL 1st wave ZZ might have been longer term combination 2nd wave up and market might move down more deeply than the current “Flat” 2nd wave scenario would lead us to believe.

GBPUSD5_090623_Blog

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Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

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