Euro to 1.2978 and maybe long term uptrend??? | Forex Factory

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Euro to 1.2978 and maybe long term uptrend???

  • #1
  • First Post: Jul 26, 2006 7:33am Jul 26, 2006 7:33am
Euro to 1.2978 and maybe long term uptrend???

The lastest three swings from jun 6, finished the past week as a clear corrective pattern zig zag or an A-B-C. This time the alternancy rule is locate in the corrective phases where the wave 2 was simple zig zag and the wave 4 was a subdivided zig zag with three very clear swings or waves. This wave 4 do not overlao the territory of wave 1, and dont broke the lower line of the base channel.Wave 3 is an extension, being 1.618 times wave 1, expecting then, following the guidelines for third waves extensions, that wave 5 will have the same length of 1, a first target to 1.31.

Elliott Wave Analysis
http://www.torosyososfx.com.ar/psfree.htm
  • #2
  • Jul 26, 2006 8:16am Jul 26, 2006 8:16am
I say...wait for more data. I don't believe that its possible to predict movement over the long term, or the extremely short term. I always go for the medium term.
  • #3
  • Jul 31, 2006 7:26pm Jul 31, 2006 7:26pm
Quoting forexbear
Euro to 1.2978
Possibly.
Quoting forexbear
maybe long term uptrend???
No.
Quoting forexbear
The lastest three swings from jun 6, finished the past week as a clear corrective pattern zig zag or an A-B-C.
Incorrect.
Quoting forexbear
This time the alternancy rule is locate in the corrective phases where the wave 2 was simple zig zag and the wave 4 was a subdivided zig zag with three very clear swings or waves. This wave 4 do not overlao the territory of wave 1, and dont broke the lower line of the base channel.Wave 3 is an extension, being 1.618 times wave 1, expecting then, following the guidelines for third waves extensions, that wave 5 will have the same length of 1, a first target to 1.31.
Blah Blah Blah
  • #4
  • Aug 1, 2006 2:48am Aug 1, 2006 2:48am
you should take a look how many times EUR reach 1.29xx and you will understand it is impossible to reach 1.3xxx

Forex = USD VS others, which means that USD still the strongest currency (assume), so long will be stupid

now, EUR start on down trend, beware it will reach a lot lower this time, have fun
  • #5
  • Aug 1, 2006 3:41am Aug 1, 2006 3:41am
Quoting lkthomas
EUR start on down trend
Not quite yet.
Quoting lkthomas
beware it will reach a lot lower this time
Absolutely.
  • #6
  • Aug 1, 2006 12:57pm Aug 1, 2006 12:57pm
Quoting hurvinek
In another post of yours (last Thursday I believe) you say: "it has begun". So has it or has it not?
LOL ... Yes, but I did correct myself. Why did you delete the post, I thought it was funny.
  • #7
  • Aug 1, 2006 1:07pm Aug 1, 2006 1:07pm
Quoting WaveMaster
LOL ... Yes, but I did correct myself. Why did you delete the post, I thought it was funny.
Because I noticed you had corrected yourself.
  • #8
  • Aug 1, 2006 1:52pm Aug 1, 2006 1:52pm
Price action analysis of the monthly, weekly and daily USD/JPY charts point to it going down over the next few weeks.

The GBP/USD and the EUR/USD can't be moving in the same direction as the USD/JPY over the same time period can it?
  • #9
  • Aug 1, 2006 1:54pm Aug 1, 2006 1:54pm
Im not too sure but i kind of think it can. Someone on here had a post saying that the eruo/usd was moving in the same bullish patterns as the usd/chf, and those two are usually around 95% opposites. Don't take my word for it though, check out the charts.
I dream, therefore I become.
  • #10
  • Aug 1, 2006 2:23pm Aug 1, 2006 2:23pm
The correlation between GBPUSD/EURUSD and USDJPY is fairly weak.



Quoting Dark1
Price action analysis of the monthly, weekly and daily USD/JPY charts point to it going down over the next few weeks.

The GBP/USD and the EUR/USD can't be moving in the same direction as the USD/JPY over the same time period can it?
  • #11
  • Last Post: Jun 24, 2021 12:58am Jun 24, 2021 12:58am
Wow, it was so...romantic to read posts about the market 15 years ago. The Euro, as we all know, didn't go to 1.3100...only. Reached 1.6148 back in July 2008. From all the above posts, Mr. Wavemaster...who posed himself as an expert, was all wrong. The most "humble" guy was right (again), as it happens at all times. The one who wrote about the USDJPY downtrend...

What about now, 15 years after 2006? Because of the hyperinflation coming, I believe the dollar will be stronger in the short term because market participants will discount possible aggressive monetary tightening from the FED. However, if inflation hits higher and higher, passive currency investors will seek refuge in other currencies to protect their stored wealth.
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