FREE FOREX SIGNAL

UPDATES: EUR/USD

2011-07-11T07:58:00.000-07:00

As predicted, Euro is now forming wave iii. Unfortunately, we are unable to catch the most wanted wave to ride.

We will wait for another opportunity, or we will update and wait for another opportunity for another currency pair.

TRADING PLAN : For EUR/USD, stand aside and wait for another signal.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

2011-07-09T10:50:00.000-07:00

Our Trailing Stop Loss has been hit. As shown above, Euro has probaly completed wave ii. Now is the most exciting part that most elliot wave trader has been waiting for, wave iii.

If all the current wave count is valid, we can take advantage and ride the 3rd wave of the smaller degree.

TRADING PLAN : Place Limit Order to short Euro above 1.4300 area. Place Stop Loss for 200pips. 1st Take Profits level is suggested at Fibo Expansion at 61.8. Same as our previous strategy, use Trailing Stop Loss! Take Profits level will be updated after we are very clear with the price direction

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SIGNAL UPDATES: EUR/USD

2011-07-07T08:23:00.000-07:00

CURRENT SITUATION

Our limit order to buy Euro has triggered and Euro hit another one week low at 1.4221. Stop Loss still not hit and price bounced off the low.

So, right now the end of wave i is at 1.4221. The Take Profits is still intact and we can hold the position until the Nonfarm Payroll data which is to be released tomorrow.

TRADING PLAN : Hold current position. You may close the position if you are satisfied with the current profits position. Place Stop Loss above your entry area if you wish to hold until Euro hit your Take Profits level.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: EUR/USD

2011-07-06T23:24:00.000-07:00

After taking a very long rest, our team is back to provide you the latest analysis and signal using Elliott Wave combined with Fibonacci to predict the price direction and ride the trend.

With our new approach, instead of trying to label the wave count as whole to the chart, we would only label the visible pattern which is the most recent.

As you can see, we have identified an impulsive 5 waves down of i,ii,iii,iv,v which form wave (A) or alternatively wave (I). Wave (A) are followed by wave (B) with a,b,c inside of it.

Currently, EURUSD depreciates after making a one week High at 1.4576 and made a new one week low at 1.4285. Combined with the fundamental issue which is Greek's debt crisis stimulates the price action and now looks like Euro has completed wave i of (C) or (III).

By using Fibonacci, retracement is expected and Euro would probably heading for the Fibo levels at 50.0, 61.8 and 76.4.

TRADING PLAN : Place a Limit Order to long Euro at 1.4300 with a take profit at 1.4435 (50% Fibo retracement level) or you can place your Take Profit at higher Fibo Level. Make sure to use trailing Stop Loss. Place Stop Loss below 1.4285 level (which is end of wave i)

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: USD/CAD

2007-10-07T03:03:00.000-07:00

Weekly Chart

Just like the other US Dollar counterparts, Canadian Dollar also started to rally during 2000. The pair amazingly has made another new Low of the year, by hitting US$0.98 upon the Job Data and Unemployment Rates release of the Canada. As we can see, just like most of the pair, Loonie are in the 3rd Wave of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair currently, the pair rests at 0.9800 area. From the chart, we see that the Wave [ II ] unfold and [ IV ] unfold sharply. Currently, the pair are heading for another Low, since we can see that probably Final Wave [ V ] has just begun.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: AUD/USD

2007-10-07T02:51:00.000-07:00

Weekly Chart

Just like the other US Dollar counterparts, Australian Dollar also started to rally during 2000. The pair amazingly has made another new High of the year, by hitting US$0.90 upon the Job Data and Unemployment Rates release of the United States. As we can see, just like most of the pair, Aussie are in the 3rd Wave of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair currently, the pair rests at 0.8972 area. From the chart, we see that the Wave [ II ] unfold as a triangle. So, we expect the current Wave [ IV ] will unfold sharply. It does, and in fact the Wave [ IV ] looks to have been completed. So, probably we can say AUDUSD are currently in the final Wave [ V ] of the larger degree.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: NZD/USD

2007-10-07T02:41:00.000-07:00

Weekly Chart

Unfortunately, we can't see a clear view of the pair, since it is still new to our broker. But, after reviewing another broker, we found out that, NZDUSD formed almost the same pattern as AUDUSD.

4 Hours Chart

At 4-Hours Chart, the pair currently, the pair rests at 0.7609 area. Kiwi are currently forming the 4th Wave of the larger degree. From the chart, we see that the Wave [ II ] unfold as a triangle. So, we expect the current Wave [ IV ] will unfold sharply. It does, and we will be sure that the Correction ( Wave [ IV ] ) has completed, if Kiwi can break the current High at 0.7669 area.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: EUR/USD

2007-10-07T02:31:00.000-07:00

Weekly Chart

Just like Cable, Euro also started its gains against US Dollar from the start of the new millenium. Currently, the pair unfold exactly the same pattern like GBPUSD, where Euro are currently in the 3rd Wave of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 1.4134 area. Euro rallied two ways upon the released data of Non Farm Payroll on Friday, completing the Wave [ IV ] of the larger degree. However, we still don't know, whether the pair has really completed the Wave [ IV ], or it will continue the corrective moves.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: GBP/USD

2007-10-07T02:15:00.000-07:00

Weekly Chart

From 2000, Cable started to gain momentum against its USD counterparts. We can see Cable are currently in the wave (iii) of the larger Wave [ III ].

4 Hours Chart

At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 2.0420 area. Cable are currently forming the 3rd Wave Extension, and has one final wave to complete the wave (iii) of Wave [ III ]. After the completion of the 3rd Wave, we can predict the possible retracement using Fibonacci.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: USD/CHF

2007-10-07T02:04:00.000-07:00

Weekly Chart

We still can't find the larger degree waves for the pair. We only manage to figure out those labeled waves as seen on the chart. We are very sorry for the inconvenience and we are still working on it.

4 Hours Chart

Just like the weekly chart, we still can't find the larger degree waves for the pair at the 4 hours chart either. We only manage to figure out those labeled waves as seen on the chart. We are very sorry for the inconvenience and we are still working on it. However, we still can detect the pair direction using Fibonacci analysis.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: USD/JPY

2007-10-07T01:32:00.000-07:00

Weekly Chart

From 1998, USDJPY started to unfold the corrective waves. Since it formed a triangle, the pair has one final wave (e) to complete the Wave [ II ] of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 116.98 area. Just like GBPJPY and EURJPY, the pair are currently in the 3rd Wave of the larger degree. We still don't know, whether the pair are ready for a short term retracement, or it will continue the journey to the north. If the retracement occurs, it will be easier for us to predict next target using Fibonacci analysis.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: EUR/JPY

2007-10-07T00:57:00.000-07:00

Weekly Chart

At the weekly chart, we can see Euro started to gain momentum at August 2000. We can see clearly that EURJPY are currently on the 5th Wave Extension. It has one final wave (v) to complete the whole sequence of Wave [ I ] of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair look synchronized with the weekly one. Currently, the pair rests at 165.36 area. As we can see, EURJPY are currently in the 3rd Wave of the larger degree. We still don't know, whether the pair are ready for a short term retracement, or it will continue the journey to the north. If the retracement occurs, it will be easier for us to predict next target using Fibonacci analysis.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

SPECIAL UPDATES: GBP/JPY

2007-10-07T00:03:00.000-07:00

Weekly Chart

At the weekly chart, we can see Cable started to gain momentum at July 1994. We labeled the whole rally from Low 127.00++ area to April 1998 High at 238.00 ++ area as the Wave [ I ] of the larger degree. The rally really looks impulsive, and we can see a clear 5-waves pattern upwards. Then, after finding its peak at 1998, Cable started to lose, followed by the World Economic Crisis at that time, the chart formed a corrective a-b-c waves. This whole corrective sequence we labeled as Wave [ II ] of the larger degree. Now, the main problem with our counting is, after the correction, GBPJPY went up again as it should according to Elliott Wave theories, but we found some choppy and overlapped waves as shown in the Circle Area. According to Elliot Wave theory, the whole rally to 2007 High at 250.10 can be counted as the Wave [ III ] of the larger degree. Because of these overlapped and choppy waves, we still can't label the smaller waves properly. But, what is certain is, the whole rally upwards are the 3rd Wave of the larger degree.

4 Hours Chart

At 4-Hours Chart, the pair look synchronized with the weekly one. As mentioned in our previous post, if GBPJPY can break the 233.00 area, it can go higher. Currently, the pair rests at 238.89 area. The whole rally from final Wave (e) of [ II ], can be labeled as Wave (i) as it look impulsive. We still don't know, whether the pair are ready for a short retracement, or it will continue the journey to the north. If the retracement occurs, it will be easier for us to predict next target using Fibonacci analysis.

*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

OCTOBER SPECIAL UPDATES

2007-10-06T08:30:00.000-07:00

Dear valued visitors and subscribers,

We really appreciate your support and compliments. Therefore, we'll try our best in providing our services and give the best forecasts. Thank you very much once again.

During this first week of October 2007, we would like to provide a special updates: we'll focus on 4-Hours Time Frame and the larger one at Weekly Time Frames. By these, we'll see a clearer view, on where the possible direction of each pair. In few hours, please check our site for the updates.

Keep on supporting us. Thank you very much.

To Our Success,

Elite Bisnes Team

ELLIOTT WAVE UPDATES: What's Next?

2007-09-29T01:26:00.000-07:00

Bullish Comdolls : Time for retracements?

AUD/USD has been bullish tremendously on Friday (during New York session). As mention in our previous post, the pair are much driven by the rising price of Gold. From Our Fibonacci view, the pair has hit the target level an made a new High of the year, 0.8884. And from the Elliot Wave view, we can see that it has completed the 3rd Wave of the larger degree. Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

NZD/USD has also been bullish on Friday (during New York session). But, the pair are quite 'left behind' from the AUD/USD pair. From Elliott Wave view, we have TWO possibilities here:

1) Kiwi has completed the 3rd Wave of the larger degree.

2) Kiwi is currently in an extended 3rd Wave.

From our Fibonacci analysis, Kiwi is currently heading to 0.7606. Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

USD/CAD also showed a breakout move. After hitting the parity last week, the pair has made a new Low again at 0.9911. The moves were much encouraged by the bullish Oil as well, which also made a new High at 81.07. It did hit the Fibonacci 161.8% level. From the Elliott Wave view, USD/CAD look to have completed the 3rd Wave of the larger degree. Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

GBP/USD has started the engine?

From our Fibonacci view, Cable has hit 1st and 2nd Target. IF, current wave are the smaller degree of the 3rd Wave, then it has the potential heading to north. Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

EUR/JPY heading to north?

From our Fibonacci analysis, if the pair can break current High at 163.97, then it has the potential to hit:

1st Target: 164.74

2nd Target: 165.78

3rd Target: 166.04

Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

GBP/JPY heading to 236.15?

From our Fibonacci analysis, it tells us that the pair will be heading to 236.15, that will be 200pips more. Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOTT WAVE UPDATES: Forecasting The Next Moves

2007-09-22T15:29:00.000-07:00

EUR/USD hit record high at 1.4100

EUR/USD are now in the 5th Wave and we saw the pair hit the record high on Friday (GMT +8). After being so bullish, EURUSD got exhausted and looking for retracement in short term.

GBP/USD on the journey to 2.0310?

Cable is so much left behind among the other pairs. In our previous post, we said that the pair are much affected by the EURGBP movements. Cable is currently trying to 'catch up' and the EURGBP pair are currently looking for retracement after being bullish for 1 week.

USD/CAD hit parity after 3 decades

Canadian Dollar hits 30 years record high agaisnt it US Dollar counterpart on Thursday (GMT +8) at 99.95 cents. USDCAD are being bearish tremendously since 2002 as Oil prices keep rising. In Elliot Wave view, the pair look to have completed the 3rd Wave and will be looking for retracement in short term.

AUD/USD are back on track

Australlian Dollar are 'back on its track' as we can see it's been bullish against its US Dollar counterpart. The pair are much driven by the Gold's prices, as we can see Gold also hit record high at US$740/oz. AUDUSD has one more wave to complete the 3rd Wave cycle, and then will be looking for a retracement.

NZD/USD looking for a short term retracement

Just like AUDUSD, New Zealand Dollar is also being bullish as carry trades are 'back on track'. New Zealand is currently offering the highest Interest Rates at 8.25%. The pair move 'almost' the same like AUDUSD. In Elliott Wave view, NZDUSD has two more waves to complete the 3rd Wave, and then will look for a retracement.

EUR/JPY heading to 163.43?

Currently, EURJPY rests at 162.73 area. As we can see, the chart is forming a Diagonal Triangle. In Fibonacci view, they are expected to hit 163.43, that would be 70 pips more to go. In Elliot Wave view, the pair look to be in Extended 3rd Wave.

GBP/JPY: Still in corrective phase?

Just like GBPUSD, GBPJPY are also being 'left behind' among other pairs. Absolutely, the pair are also so much affected by the EURGBP pair. The worst case, GBPJPY look choppy and we can yet see the breakout moves. As we can see, the chart has formed a triangle. In Fibonacci view, if the pair can break 234.26 level, we probably can see it hit 237.24 next week. In Elliot Wave view, if GBPJPY moves as expected in Fibonacci view, then we can say the pair has 'start the engine' and heading to north.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

Fundamental Review: US Dollar extends losses as Fed cut Interest Rates

2007-09-18T22:23:00.000-07:00

Fed Cuts Rates, Pushes On The String
9/18/2007 3:02:00 PM

By Nico Isaac

The subprime mortgage implosion ... the credit crisis ... the housing downturn ... recent comments by former Federal Reserve chairman “El Maestro” Greenspan comparing current economic conditions to those that preceded Black Monday of 1987 ... AND, the most recent blow, the September 7 Labor Department report revealing the first monthly decline in payrolls in four years.

After months of trying to ease the U.S. economy back onto solid ground via more delicate means such as verbal ammunition and cash infusions, the mainstream “experts” agreed: It’s time for the Fed to bring out the Big Guns. And on Tuesday, Sept. 18, they finally did with half-point cuts to the federal funds and discount target rates.

Here's what the experts called for prior to the cuts:

“The Rubicon has been crossed,” begins one September 7 Reuters. “ With August’s stunningly weak US payrolls number, the door is now wide open for the US Federal Reserve to cut interest rates.”
“The strongest tool the Fed has for speeding up the economy is interest rate cuts. The US will slow but avoid a serious downturn partly because of aggressive Fed moves to head off such an outcome.”

COURTESY THE SEPTEMBER 2007 FINANCIAL FORECAST

CLICK TO ENLARGE

Really? Because history has already told this story, and its message is different: According to historical data, rate cuts haven’t made a lick of difference as far as stimulating the much-needed consumer to spend, the creditor to lend or the corporation to borrow.

This chart shows – as clear as crystal – that the Fed in fact follows the market.

Take, for example, the fact that during the period between 1984 and 1992, the Federal Reserve slashed rates from 11.75% – TO – 3%, a severe cut that did nothing to prevent the worst stock market collapse since the Great Depression in October 1987, record-high unemployment, a debilitating savings and loans crisis, slow GDP, and economic recession.

Similarly, a Federal Reserve rate cut from 6.5% – To – 1.25% from 2000 to 2002 proved impotent against the longest stock market decline since the Great Depression, the tech-bubble bursting, and a brief economic recession.

(Please Note: From June 2004 to June 2006, the Central Bank RAISED rates from a half-century low of 1% – TO – 5.25%, an equally futile effort to tighten the spigot of easy money and remove the froth from the bubbling housing market before it burst.)

In the words of Bob Prechter, from Chapter 13 of his best-selling Conquer the Crash, the “monetary strategy” of lowering the Federal Funds Rate is about as effective as “pushing on a string.”

And, in the September 2007 Elliott Wave Financial Forecast, our analysts begin with a special section titled “Unwonderful Wizardry Of The Fed.” In this exclusive segment, EWFF presents a powerful glimpse into the Central Banks actions in the wake of the 20^th Century’s Greatest Stock Market Manias, showing once and for all the inability of the Fed to “pump life back into the market with a succession of rate cuts.”

The Financial Forecast’s bottom line: “Blind faith in the Fed’s power to hold up the economy and stocks” has dangerous consequences; namely, that investors don’t see what’s directly in front of them before it’s too late.

(Quote From: Elliot Wave International (EWI) )

ELLIOT WAVE UPDATE: GBP/USD moved nicely as expected

2007-09-17T21:50:00.000-07:00

In our previous post about GBP/USD, we said that the pair has two more baby waves to complete the subwave (c). Market has proved us right, and Cable looks good to go futherdown towards 1.9841. Maybe, this level will not be hit if the correction has completed. The pair are much driven by the EUR/GBP pair, where we can see Euro strengthen against Cable tremendously after taking a long consolidation. So, in the next move, IF the corrective moves has completed, we might see another 5 waves up. Today, we will see 3 Fundamental News Coming up for Cable.

Currency

Impact

Forecast

4:30pm	GBP	CPI y/y	1.9%	1.9%
4:30pm	GBP	Core CPI y/y	1.8%	1.7%
4:30pm	GBP	RPI y/y	3.9%	3.8%

(source: www.forexfactory.com)

** Times are in Malaysian Time (GMT +8)

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Zooming out to a larger Time Frame

2007-09-16T10:31:00.000-07:00

NZD/USD

USD/CAD

EUR/USD

GBP/USD

AUD/USD

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: USD/CHF are unique

2007-09-15T02:24:00.000-07:00

We find it very hard to do a detailed waves count on USDCHF. Although we found out a clear waves pattern as seen on the charts, but for us that's not good enough, because we are uncertain whether the current Impulsive Waves (i) until (v) are inside the larger degree of Wave (I), (III), (V), (A) or (C)? That's our main problem of this pair. Why is that so, because at 4-hours chart, the pair looks choppy. But, in finding the price direction, we must only follow what we see, not what we think. Meanwhile, we can ignore the larger degree Waves until we really discover it. Now, from what we can see, current price movement suggests that USDCHF has one more correction phase to go, the wave (c). It is expected to be an Impulsive of 5-waves up.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on GBP/USD

2007-09-15T01:55:00.000-07:00

Previously, in our past counting suggest that Cable are on the 3rd Wave. But, on Friday Cable went down and overlapped the Low of so-called wave (i). After revising the charts heavily, we found out that Cable still in the Wave (II). There are two more baby waves of wave (c) in progress to complete the 2nd Wave cycle.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on USD/CAD

2007-09-13T12:38:00.000-07:00

Previously, we predict that USDCAD have one final wave (C) to complete the corrective waves. But, current movement proved us wrong, and USDCAD are currently looking impulsive on the way to parity. The huge downwards moves are much driven by the increasing price of oil. Whereas, Canada is the biggest exporters of Crude Oil to United States.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: EUR/USD to complete the 3rd Wave Cycle?

2007-09-13T08:44:00.000-07:00

Current Situation

EURUSD moves nicely in upward direction. There are two possibilities

1) EURUSD are in the extended wave of wave (III)

2) EURUSD has completed the wave (III) and are now looking for a retracement of wave (IV)

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: Improving the Wave Count on USD/JPY

2007-09-13T08:10:00.000-07:00

From our previous Wave Count on USDJPY, we predict that the pair has one more wave down to complete the cycle. But, after revising the charts, the movement upwards which saw the labeled 'wave (iv)' has retraced into the wave (i) territory which is invalid to the wave principle. Actually, the pair has completed the 5 waves down earlier. Now, it is expected that USDJPY are on the 3rd Wave cycle.

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team

ELLIOT WAVE UPDATE: USD/JPY to complete the 2nd Wave?

2007-09-12T00:29:00.000-07:00

Current Situation

1) USDJPY is currently looking impulsive on the way down.

2) The pair has the final move to complete the 5th wave of wave c of wave (II)

THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.

To Our Success,

Elite Bisnes Team