€/$

[Wallace]

Euro currently WC Correction of W4 which leads to a W5 around 1.43 in . . . Nov ?
Euro top, then Euro etc and $ begin reversals

Cash US$ LL @ 78.43 Sept/92, Friday's C: 80.81
USDCHF LL @ 1.11 April/95, Friday's C: 1.2082

yes ? no ? maybe ?

[golhuntsleep]

I think thats a good call on almost all the pairs....4th waves created by summer range trade followed by rallies after Labor day.....after the rallies, LONG term dollar strength to the tune of repeating 2005........Thats been my call for about a month now........

[kamba]

""Euro currently WC Correction of W4 which leads to a W5 around 1.43 in . . . Nov ?
Euro top, then Euro etc and $ begin reversals""


Wow! Today is end of October and price hit 1.43 already!!
Excellent Call by Wallace!!!
Bravo!
Best wishes.

[RebateFX]

Yes, nice one Wallace!

Now I'd like to see it come down. It's too high for me. But the super bullishness keeps me in longs for the time being.

Watch out for harsh corrections though

[Wallace]

thanks kamba and RebateFX but
I'm guilty of examining the trees and not the forest, so an update

for years many people have been writing about the devaluation of the US$, todate this
has been a relatively slow decline
most of my price targeting is based on the use of fibos, many write of the $ going to $0.50 meaning other currencies will appreciate accordingly
while the previous time target has been realized, the ". . . Euro top, then Euro etc and
$ begin reversals" statement is quite incorrect

the revised euro chart has W5 targets of 1.50 and 1.55 and one other
gpd target is 2.5 see if it breaks 2.25 first !
cad 1.15 and 1.20
jpy 100 ?

the time target is May 2008

the dx, well that's the magic answer isn't it . . . just how low will it go

[TraderPierre]

Originally Posted by Wallace

cad 1.15 and 1.20

you say weak $ against eur and gbp but $/cad up 2.5c?

[TraderPierre]

.....haha,no you say up 2500 pips!!!!!

[Wallace]

well TraderPierre, if the US$ drops to 0.50 . . .

C$ chart attached