Category: Euro

Euro forecast as of 11/06/2009

Right now, Elliott shows that DZ 3rd wave ZZ is complete and new longer term wave down has started. This new wave is way too short to reliably forecast what it will be and how deep will move and long it will last.

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Euro forecast as of 10/27/2009

EURUSD – Although market dropped,  Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Continuous move down will most likely trigger a forecast where DZ is done and new wave down has started but until such confirmation, there is no such certainty.

EURUSD5_091027_Blog

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

Euro forecast as of 10/19/2009

EURUSD – Market continued to move up, so Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4500 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_091019_Blog

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

Euro forecast as of 10/13/2009

EURUSD – Market continued to move up, so Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4000 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_091013_Blog

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

Euro forecast as of 10/06/2009

EURUSD – Market moved somewhat up again, so Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4000 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_091006_Blog

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

Euro forecast as of 09/29/2009

EURUSD – Although market turned around and moved considerably down, the move has not been deep enough for Elliott to recognize the end of the wave, hence Elliott is still showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4000 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_090929_Blog

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

Euro forecast as of 09/22/2009

EURUSD – With the market continued move up, Elliott is showing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4000 will mean the up move is over for a while and new longer-term wave down has started.

EURUSD5_090922_Blog

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

Euro forecast as of 09/15/2009

EURUSD – With the market continued move up, we are obviously doing  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

Market has quite a bit more to go to reach DZ likely price range but is very much in the “Zig-Zag” 3rd wave likely time and price area. Market move below 1.4000 will mean the up move is over for a while and new longer term wave down has started.

EURUSD5_090915_Blog

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

Euro forecast as of 09/08/2009

EURUSD – Market broke out from the range today and Elliott is now showing two equally likely scenarios:

A: that market is in the process of  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

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B:  that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.3093 – 1.3846 between July 1st and September 14th .

EURUSD5_090908_B_Blog

Market move continues move up makes it more likely that scenario A is playing out; market move below 1.4050 makes it more likely that scenario B is playing out.

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

Euro forecast as of 09/01/2009

EURUSD – Market is still in the range and Elliott still shows that market is in the process of  “Double Zig-Zag” (DZ) 2nd wave in the range of 1.3093 – 1.3846 between July 1st and September 14th .

Market move above 1.44 makes it more likely that DZ 3rd wave has started move below 1.40 makes it more likely that DZ 2nd wave is in process.

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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.

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