Dollar 2012

What happens to Dollar in 2012 concerns all of us. It concerns the Euro, it concerns Japanese Yen and it also concerns many emerging market currencies like Indian Rupee and Romanian Lei. But one may ask why 2012? 2012 should be a significant cycle low and high for many assets. Some assets may top, some may bottom and multi year change of trends might happen.

Fractal projections point to 1.85 for EURO Dollar. This is 24% further weakening from here. On the short term though we could be in for a fall till 1.43 and possibly till 1.41. We don’t see more strengthening on dollar than this. Yen on the other hand has been a text book case for us. It was here on 17 JAN 2007 we said that the USD/YEN ratio line broke the 22 year trend line suggesting that YEN is ready to move out of inaction and head to potentially below 80 (33% strengthening). This was the time market was debating about the effect of BOJ (Bank of Japan) keeping interest rates unchanged. As usual there were three views, up, down and sideways. For us at Orpheus the fractal was decisive. Well we have reached near 100, which means half of our target has already been met in about 13 months.

We delivered a similar accuracy on the Indian Rupee, where we called the sub 40 levels when INR was ruling at 46. And then was the Romanian LEI where again we were a year ahead of the market and the best timer of the currency for 2006. The news of LEI becoming the strongest currency of 2006 came a year late. The same thing should happen now, as we move into months and years ahead, FRACTALS should keep us ahead, as we keep a sharp eye on levels and exits and track the respective pairs for you week after week.

Enjoy the latest issue of WAVES.FOREX.

 

 

WAVES.FOREX is a perspective product published five days a week. The report highlights the top traded FOREX PAIRS (eg. EURO USD, DOLLAR INDEX, YEN USD, Indian Rupee, Romanian Lei, Swiss Franc, Hungarian Forint, Croatian Kuna, Canadian Dollar). The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.

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WAVES.FOREX is a perspective product published twice a week. The report highlights the top traded FOREX PAIRS (eg. EURO USD, DOLLAR INDEX, YEN USD, Indian Rupee, Romanian Lei, Swiss Franc, Hungarian Forint, Croatian Kuna, Canadian Dollar). The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.

REUTER RICS: EURRON=, RON=, JPY=, INR=, HUF=, HRK=, GBP=, EURCHF=, CHFRON=, CAD=, =USD, EUR=

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