P&G Slashed Digital Ad Spending, This Is What Happened Next
LOL
that is what I told them 21 years ago
LOL
that is what I told them 21 years ago
- #23,145
- Jul 29, 2017 3:58pm Jul 29, 2017 3:58pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
long term view on EURUSD
Variant A
wxyxxz scenario
in below shown count we would be in a wxyxxz scenario. Each x or XX wave have to retrace at least 50% of their preceding waves. That would give a target of at least 1.27 for XX
For clarification: with highest probability wave C of wave W is an Impulse with an extended 5th wave. Same for wave C of wave Y
All who think that the low at 1.03 is a major low, that was reached after a triangle sideways pattern are invited to show a long term count and explaining, what the tiny impulse out of the triangle is in the bigger scheme.
Variant A
wxyxxz scenario
in below shown count we would be in a wxyxxz scenario. Each x or XX wave have to retrace at least 50% of their preceding waves. That would give a target of at least 1.27 for XX
For clarification: with highest probability wave C of wave W is an Impulse with an extended 5th wave. Same for wave C of wave Y
All who think that the low at 1.03 is a major low, that was reached after a triangle sideways pattern are invited to show a long term count and explaining, what the tiny impulse out of the triangle is in the bigger scheme.
- #23,146
- Jul 29, 2017 4:13pm Jul 29, 2017 4:13pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
long term view on EURUSD
Variant B
wxy pattern
In this scenario we are in a WXY setup.
Wave C of W is an Impulse with extended 5th, even so wave A of Y
Wave X has retraced somewhat above 50% of wave W, so that is also inline with guidelines
Wave W is a ZigZag, and wave Y will also develop as ZigZag
unlike the variant A in above posting we now have no minimum target of 1.27, but nevertheless the red wave C of pink B can go 100-200% of red A, so target something up to 1.28 possible. We have reached the minimum target already at 1.159
What do you think?
Variant B
wxy pattern
In this scenario we are in a WXY setup.
Wave C of W is an Impulse with extended 5th, even so wave A of Y
Wave X has retraced somewhat above 50% of wave W, so that is also inline with guidelines
Wave W is a ZigZag, and wave Y will also develop as ZigZag
unlike the variant A in above posting we now have no minimum target of 1.27, but nevertheless the red wave C of pink B can go 100-200% of red A, so target something up to 1.28 possible. We have reached the minimum target already at 1.159
What do you think?
- #23,158
- Jul 30, 2017 1:50am Jul 30, 2017 1:50am
- Joined Jun 2010 | Status: zero | 20,603 Posts
I love such tools :-) now I have calculated the Big Mac Index for the USD-Index keep in mind: the price "The Economist" obtained, are from around beginning July to 13th July (they published on the 13th) The result is, that the raw Index shows 15,4% overvaluation in the UDX, whereas the GDP adjusted Index shows 3,5% overvaluation Observation: raw Index likes to swing between -50% and +50% in many countries, the GDP adjusted Index swings a bit more narrow as it seems {image}
maybe I found the answer regarding the question, if it makes sense to trade the pairs by judging their fair value by looking at the Purchasing Power Parity Index:
as you can see in the chart(s), the price stays overvalued/undervalued for so many years, before eventually reversing to the mean. Makes no sense, absolutely. Same for the Big Mac Index.
Here is EURUSD.
And here you can download the whole presentation with many other pairs
http://gavekal.com/doc.cfm?id=7037&src=rss