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TOPIC: GBPUSD

GBPUSD barclays prediction for GBPUSD 15 Nov 2012 09:36 #201

  • Jackozy
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Cable now getting quite close to an important level with the uptrend support, horizontal support (wave 1 high?) and 50% retracement all converging:

GBPUSDdaily15_11_12.gif


I'll be going long at about 1.578 as long as the hourly looks set up for it.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 10:32 #202

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Another way of looking at this is that 159.09 was the low of wave 4 with wave 5 up to come: dl.dropbox.com/u/20815047/USDGBPdaily26_10_12.gif

Note how the wave 3 top was close to the 161.8% extension of wave 1 per the discussion on the Elliott Wave thread. Also, 159.09 was just below the 38.2% Fib of the wave 3 move, just as expected from EWT.

Nice chart really.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 10:23 #203

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hi KI
Thats not my prediction...Its barclays.
If you look at that chart its basically saying the same thing in the short term as yourself. Its showing a rally to 165 then a correction.

This is the chart of the average of all the brokers. black being barclays and red being the average


barclayspredictionforgbpusd1.png



dl.dropbox.com/u/4899609/barclays%20pred...for%20gbpusd%201.png
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 09:37 #204

  • KI
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Hi Remo, interesting forecast on cable. Subject to a report out from DeMark, which forecasted this week the S&P would peak at circa 1480 in the next couple of weeks. If this were to happen then cable could push on to 165.

From my point of view, the double top needs to get taken out with conviction @ 16308. The trading range on the daily sits at 15910 (low) 16308 (high. At present the price sits in the middle of these two (gamblers trade).

For the short term, a new HH needs to develop on the daily closing above 16177. Atpresent this is a pullback only and should be treated as such. KI.
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GBPUSD barclays prediction for GBPUSD 26 Oct 2012 08:45 #205

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barclayspredictionforgbpusd.png



This is there prediction for the GBPUSD over the next few months.

Just showing you some of Eikons functionality

;) ;)
dyor
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Last Edit: 26 Oct 2012 08:47 by remo.
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GBPUSD 24 Oct 2012 19:41 #206

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61.8 fib 15912 too for an extra bit of hindsight.
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GBPUSD 24 Oct 2012 17:28 #207

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dl.dropbox.com/u/4899609/gbpusd24thoct.png

This is a classic example of a perfect entry.
This tested the breakout point perfectly then bounced.


gbpusd24thoct.png



and i missed it...dohhhh :( :( :( :(

just thought id show people what i look for



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