"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Saturday, February 16, 2013

Elliott Wave Analysis for major Currency pairs: EUR/USD, USD/JPY, EUR/GBP, EUR/JPY, AUD/USD

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EUR/USD

Primary [B] wave like triangle pattern is in progress;
it is started the minor b/x corrective wave of intermediate (e) final wave.



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USD/JPY

As indicated in previous posts, we should be in the early stage
of a new SuperCycle bull market;
probably the intermediate wave (3) of primary wave [1]  is ended;
it's coming a correction phase.



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EUR/GBP

 intermediate wave (1) of primary wave [1] seems to be in progress



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EUR/JPY

the recent strength of the Euro combined with the devaluation of the Japanese Yen
desired by the new Prime Minister Abe has started a strong bull market;
this currency pairs should be yet in the intermediate wave (1) of the primary wave [1]



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AUD/USD

Inside a ending diagonal of Cycle degree,
the intermediate (e) wave of [4] in the form of triangle pattern is finishing;
we could soon see an upward thrust that indicates the beginning of wave [5]




Have a great weekend !
ElwaveSurfer

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