Wednesday, October 28, 2009

EUR/USD Trend moves & Ranges

An incisive analytical work in the last 30 years of EUR/USD trends and ranges clearly shows and interesting relationship between Time & Price. I have been poking in W.D. GANN works and the Up & Down cycles in Fibonacci numbers 3, 5, 8 are an interesting coincidence.

I can't claim infallibility of the cycle indication I have developed in this chart but the trend moves are quite clear and the rhythm of movement is obviously in accordance to the observations mentioned in Gann's Time& Price relationship.

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