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William Gann was born in 1878. Trying hand at stock exchange where he used his own funds, he released that a special expertise is required to trade. He researched the market and could calculate a precise time of reversals even for the year before.

Elliott waves for Forex correlation analysis

2016 EURUSD GBPUSD USDJPY
19
2月

Wave Analysis: EUR/USD is currently making an upward retracement towards 1.1128. We expect the retracement to go only up to 1.1143 from where we will look to sell the pair. During this trading, unless the price closes successfully above 1.1151, we will be keen to look for sell positions in this p

Wave Analysis: There is no much change in GBP/USD. During the previous trading day, pound broke above the level 1.4324l, but ended up closing below it. Unless the price closes below 1.4293, we may have to look for long positions with our target at 1.44082. A close below 1.4293 would mean we are h

Wave Analysis: USD/JPY is currently trading with a slight bearish bias. During the previous trading day, wave(b) traded short and is yet to reach our target at 112.38. We still expect further movements to this level before we can go long with wave (c). We will thus remain short but only up to 112.

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