by Tom Pizzuti | Dec 12, 2019 | Currencies, Premium
Cable has been climbing since early September which was consistent with my prior count of a wave (iv) bounce but in October that count started to have problems with overlap. I think the follow EW count looks better and is at an interesting point. Here I am treating the low this year as a (b) wave and expecting a (c) wave advance for wave [iv]. You can plainly see a five wave move up from the low has taken place and now against resistance at 1.3231. At a minimum, bulls should manage, bears can begin to take a position though lower risk, but worse trade location, if they wait for a drop under 1.3028.
by Tom Pizzuti | Aug 4, 2019 | Currencies, Premium
My contrarian frame of mind has me thinking that GBP is working on a major low. Monthly and weekly charts below.
by Kurt | Jan 22, 2019 | Currencies, Email, ETFs, Public, Slider
Two resistance zones to watch
by Tom Pizzuti | Dec 13, 2017 | Currencies, Premium
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.
by Tom Pizzuti | Nov 23, 2017 | Currencies, Premium
Happy Thanksgiving! I thought I would see if I can sneak in a little analysis before slipping into a turkey induced coma.
