Category: Euro

Euro forecast as of 08/25/2009

EURUSD – Although market has moved up in recent days, 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.

EURUSD5_090825_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.

Euro forecast as of 08/18/2009

EURUSD – Elliott 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.

EURUSD5_090818_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.

Euro forecast as of 08/11/2009

EURUSD – With Monday’s drop it becomes again more likely that market is still 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 has still time and room to move higher, with out invalidating this scenario. Market move below 1.40 confirms it, move above 1.45 makes it more likely that DZ 3rd wave is in the process.

EURUSD5_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.

Euro forecast as of 08/04/2009

EURUSD – 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 1.3093 – 1.3846 between July 1st and September 14th .

Market has time and room to move higher, with out invalidating this scenario. Market move below 1.40 confirms it.

EURUSD5_090804_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.

Euro forecast as of 07/28/2009

EURUSD – With the last couple of week’s up move, Elliott shows that market might be  in the process of  “Double Zig-Zag” (DZ) 3rd wave in the range of 1.5496 – 1.5909 between September 2nd and October 26th .

It is still possible that DZ 2nd wave is not done, as the market only touched the likely time and price area.

EURUSD5_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.

Euro forecast as of 07/21/2009

EURUSD – Elliott continues to show 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 11th .

It is possible that DZ 2nd wave is done, as it touched briefly the likely box, but there is still lot of time and room for the wave to continue.

EURUSD5_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.

Euro forecast as of 07/14/2009

EURUSD – Elliott continues to show 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 11th .

Market move above 1.4150 makes this less likely.

EURUSD5_090714_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.

Euro forecast as of 07/07/2009

EURUSD – Elliott continues to show 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 11th .

Market can move up and make even new recent highs with out invalidating this pattern.

EURUSD5_090707_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.

Euro forecast as of 06/30/2009

EURUSD – Elliott 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 11th .

Market can move up and make even new recent highs with out invalidating this pattern.

EURUSD5_090630_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.

Euro forecast as of 06/23/2009

EURUSD – Elliott 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 11th .

It is possible that the ZZ, which was the first wave for the current DZ, was larger scale combinations middle wave up and the new wave down will be longer and deeper than the current DZ suggests.

EURUSD5_090623_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.

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