Bye Bye Euro, Hello U.S. Dollar!
Currencies / US Dollar Aug 08, 2013 - 04:33 AM GMTIt has been a while!!! My wife and I are cruising in Oman and internet access is not widely available! But when I saw this today I really felt I should make the effort!
Talk about coincidence.... or not. Today the Euro has so far failed to make a new high, by a tiny margin and provided it fails to make a new high it has only one way to go - DOWN - it is in centi-3 of deci -3 of daily-3 of weekly-3 of monthly-3 !!!
In a bit more detail - note how close it is to its high.... if it holds follow the bold green cycle fork.
The US$ has also hit its target line! (the Euro is at its sliding parallel)
And it is only one sub wave behind - centi!!!
More than coincidence???? Today is the mid point of Martin Armstrongs ECM as well - is this the projected trend change???
Marc
MAP Wave Analysis, unlike Elliot Wave and Andrews Pitchforks are a systematic methodical rule based approach, details of which can be found either on my blog or here on The Market Oracle and data is archived and updated in a format that is traceable as shown in this SPX update, so that the system can be improved and used as a learning model. Additionally investors can evaluate its effectiveness when making investment decisions.
Click here to follow your duty of Use and copyright is described therein.:
Probabilities are derived from the MAP Analysis methodology described therein,
Click follow on my blog to receive regular FREE market updates and discussion.
For other articles published click here
For more information of how I do what I do http://mapportunity.wordpress.com/ . Comments and discussions very welcome! The statements, opinions and analyses presented in this site are provided as educational and general information only. Opinions, estimates, buy and sell signals, and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this site is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment.
© 2013 Copyright Marc Horn - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.