British Pound futures update

I’ve been asked for an update on GBP and since the equity indices should quiet down over the next 1.5 hours till the FOMC statement, think I have enough time to get this done.

Overall think GBP, like many of the major USD crosses, has spent the last year correcting up in a wave [iv] and should be close to pressing lower in a wave [v] over the next 18 months.

Euro futures and ETF 2017-08-07

This is a post to consolidate the various Euro oriented charts that I have been working on over the last week or so. The main hypothesis is that this is a wave (iv) that is nearly complete. In this case, the Euro ETF (FXE) has better looking geometry since prices are...

British Pound futures & ETF 2017-07-22

GPB has fallen from what I am calling a 'B' wave high in 2014 to a low early this year and been bouncing in a overlapping move to the present. Since the assumption that this drop is a 'C' wave, it should have five impulsive components and to my eye can use one more...

Euro futures and Euro ETF 2017-07

The Euro moved up over first resist and now up against a deep retrace value and near a trend line. I am working with an ending diagonal for form. Depending on where wave (iv) ended gives solutions that call for one new low or two. Momentum divergences are forming...

Euro futures and ETF 2017-06-17

Since the Dollar index is at an interesting juncture, it makes sense that the Euro would be as well. There is no change to the theme from the last time I posted the Euro charts, just minor changes to levels because of the adjustment for the past contract roll. The...

Dollar Index 2017-06-11

The dollar has been dropping from the start of this year. Does that mark the dollar high? I think not but do think that the advance is slowing and therefore not expecting dramatic gains. The main scenario I am following is on of an ending diagonal where wave ii of the...

Euro futures 2017-06-08

Just as I am skeptical that the US dollar has made the high, I think the Euro is near resistance that can take it back down. The Euro is near a .618 retrace of the last swing now along with other resistance. If they pop over this set, the .764 and down trend line are...