Elliott Wave Analysis of EUR/USD Currency Pair by Sid from ElliottWavePredictions.com eurusd euro

Elliott Wave Analysis of EUR/USD Currency Pair by Sid from ElliottWavePredictions.com eurusd euro. Covered topics: 1) my primary and alternate long term count for the Euro, going back to the estimated 1985 composite low; 2) why I believe upward movement in the Euro isn't quite finished yet, (but we're getting close); 3) invalidation points for the long, intermediate, and short term charts, and what to expect if invalidation occurs; and 4) why Gold can continue higher while the US dollar strengthens . . http://ElliottWavePredictions.com

Category:

Education

Tags:

• Elliott
• Wave
• waves
• Eur/Usd
• euro
• eurusd
• Gold
• US
• U.S.
• dollar
• forex
• spot
• cash
• market
• futures
• contract
• technical
• analysis
• count
• principle
• prediction
• projection
• Fibonacci
• target
• theory
• chart
• trade
• trading
• rules
• guidelines
• patterns
• forecast
• financial
• economy
• economist
• economic
• commodities
• currencies
• emini
• e-mini
• precious
• metals
• MACD
• education
• tutorial
• learn
• candle
• Japanese
• candlestick
• reading
• explanation
• explained
• elliot
• commentary
• howto
• videolog
• video
• instruction

[peruggo]

Lovely video, Sid, congrats. I am not sure I agree with your primary count though, for the simple reason in the 5-wave numbered count your corrective waves are longer in both trading and calendar time than the supposed impulse ones. I think I kinda prefer the alternate look. Can you elaborate further on that?

Thank you,

Peter

[SidsCharts]

@peruggo Unfortunately, that count was invalidated some time ago. My preferred count is now a WXY(XZ?) count, and is detailed on my website: ElliottWavePredictions. com. Please check there for my latest work. Thanks . .Sid

[dimjet]

Hey Sid , thanks for the update,

I don't get tho that you can go back to 1985 while the Euro was founded in 2000

Other than that, love your work

[SidsCharts]

Thanks for the kick in the shorts, dimjet!  Your comment prompted some actual reaseach (!?) on my part, and it appears that chart data providers have compiled a composite of the 17 currencies that made up the Euro starting ten years before it was adopted (1995), used for accounting (1999), and finally circulated (2002). I'm glad they did this, because it allows the opportunity to develop a longer term EW count. I definitely feel a little smarter now. Thanks again dimjet . .

[dimjet]

lol, I didn't know that they took a basket off all the currencies to put it in a chart linked with the euro but thanks to let me know. I think about joining your webinar in the next coming weeks. Thanks for all the great work

Greatz from Belgium

Dimitri

[nevadaxtube]

Thanks Sid.

I would also agree that the dollar is due to strengthen soon and most likely in conjunction with stock market weakness.

I would also concur that the dollar and gold relationship is not perfectly correlated like some people think. I expect a lot of gold bulls will get to experience a very sharp correction this year.