Posted on September 1, 2009 at 13:03 in Uncategorized by Pierre Charlebois2 Comments »

The NZD/USD is breaking support short term and now pushing down hard on the long term.

My view is that 5 waves up as a diagonal may be complete.


Posted on August 25, 2009 at 9:55 in Uncategorized by Pierre CharleboisNo Comments »

This pair is just pips off the .618 from last year’s high.

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Posted on August 11, 2009 at 10:24 in Uncategorized by Pierre Charlebois3 Comments »

This pair has carved out a very nice ending diagonal. I will admit, I am not quite sure if the pattern has terminated or if one more blow-off top is to come. This is why I have offered two Elliott wave counts.

This pair should be observed for either a new or double top with a strong reversal, or for continued breakdown of support areas. Below .65 and then below .62 should result in much lower printings.