This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Tuesday, September 8, 2009
EUR/USD; September 8, 2009
For those of you who are currency traders and know that right now the EUR/USD is correlated fairly well to precious metals and the stock market, I wanted to post what Jamie Saettele with FXCM says about the pair because it mirrors my expectations and wave count now that it broke through the previous high of 1.4440. Jamie's long term outlook and wave count on the majors are very similar to mine so I recommend his column on DailyFX to be looked at on a daily basis for free currency analysis: http://www.dailyfx.com/
The entire article excerpted above can be found at: http://www.dailyfx.com/story/dailyfx_reports/daily_technicals/Dollar_Breaks_Down___Pairs_1252419404910.html
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