Elliott Wave Analysis US Dollar Index S&P Gold Silver Oil by Sid from ElliottWavePredictions.com

Elliott Wave Analysis of the US Dollar Index EUR/USD currency pair S&P 500 US Stock Market Index Gold Silver & Crude Oil by Sid from ElliottWavePredictions.com. Covered Topics: Today may have been a VERY important day in the markets. The US Dollar and the Euro may have seen a long term trend change starting at about noon today, which, if correct, is likely to end the commodities bull market almost immediately. http://ElliottWavePredictions.com

Category:

Education

Tags:

• Elliott
• Wave
• Technical
• Analysis
• Fibonacci
• US
• Dollar
• Euro
• EUR/USD
• Stock
• Market
• S&P
• 500
• SPX
• Gold
• Silver
• Oil

[gyzmooo1]

sorry but this guy has been calling a top on the euro for the past few weeks, since 1.44 at least and I dont think he is right this time either, my opinion, euro will reach at least 1.52 ...

[SidsCharts]

Your comment would mean a lot more if you could back up your comment with something more than "I think the euro will reach at least 1.52". Why 1.52?

[gyzmooo1]

with this eur usd pair, when I use the top from the 4th of november 2010 and low from the 10th of january this year, there is a 1.618 fibo target at around 1.5150. Than I use the low from the 10th of January and top at 1.5150 (I asume it will reach there) and the fibo levels seems to be fitting almost perfectly to the price action from the past few months(since january). If you adjust the top to 1.52 it fits perfectly to the price action so thats why I asume the price should reach to 1.52 region

[SidsCharts]

@gyzmooo1 Excellent. Thanks for that explanation. Quality input backed up by data is always appreciated here. As for my expectation, based on this morning's new high, I've just posted a new screenshot of the Euro on my website. If my count is correct, there are now two reasons why the Euro must turn before it moves beyond 1.5143.

[nevadaxtube]

Thanks again Sid. I have been waiting patiently for the Euro to rollover. We may be very close.

p.s. I am impressed with your presentation which shows yourself and the charts. I wish I knew how to do that also.

[SidsCharts]

@nevadaxtube - The software that allows the picture-in-picture is Camtasia Studio. It cost $299, but it's really quite excellent. The editing is easier than any of the other video production platforms I've used, as well.

[ramosxp]

Some vindication for Sid, nice day for Sid and the USD, hope this is finally the turn, it's definitely overdue. Good work Sid

[eskrod1]

some very good calls.

[www1imad]

@gyzmooo1 Sid's not calling any tops, you need to brush up on what elliott wave is

[milxl]

are you comparing paper with paper?