SEK

I have never traded this pair before because the spread is high, but this pair looks like an ending diagonal and I just went long USD here................for the short term only............

The Bull has run out of steam

The really sad part  of this all is that we are still in a wave 4 and all the European  currencies are are all going to make another high, and the U.S. stock market is going to make one more high......................I say this is sad because it will get the last of the working class in just before the big crash...................It never ends...............These people that are about to lose money they cannot afford to lose............................

Aussie Update

As Usual the Aussie is leading the pack.  It almost always does.  Here is the 1 hour Aussie chart.  The USD run might be on.  Although it may not be as large as we hope, it will still be large enough to let us get out of bad positions with profits and we will see where it goes.

Comments on the USD...........

Being an American patriot I would like to have better news here.  Looking at the Dollar index it seems to be in a huge triangle. Triangles almost always are the next to the last Elliott Wave pattern.  This means that the USD will go up 1500 pips on average before going down again, for new lows.  Unfortunately it seems that the USD is going to be on a rant against the JPY, so that means that it will be losing a lot of ground against the European currencies.  But on the other hand I see the EUR_USD gong down to new lows in the next year or so.  I am looking at really long term views here.  On the shorter term I see the EUR_USD topping out at the 1.4670 level at the highest for now.  This will be a large move down below the 1.20 level.  There is a very large Fibo cluster at 1.4670, so I think that is where resistance will be.  I will be trading on the month or two view, so I hope my posts don't confuse anyone.  If I post any shorter term trades then I will tell you the time frame.

Euro Update

The Euro is showing a clean 5 wave down pattern from an Elliott Wave perspective.  It should not make a new high and then get a strong move down from there..

Aussie Update

As usual I was looking too far into the future last week.  This week I have looked at a longer term , which I should always do but I didn't do last week.  I think the 1.0431 should be containment for this move up.  We will see where this goes this week