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Monday, December 30, 2013

PAL vs. EUR/CHF - Look alikes...


               
PAL - North American Palladium Ltd.
EUR/CHF
 
 
Eric asked me of my opinion of PAL (North American Palladium Ltd.) I have not made an Elliott wave count on the charts, but the chart of EUR/CHF will give you a pretty good idea of whats in store for PAL in the months ahead.
Of cause it doesn't have to be an exact copy of EUR/CHF, but then the outcome till now have been pretty much that.
 
So expect a move closer to 1.00 followed by a prolonged sideways consolidation before the next rally higher.


2 comments:

  1. Hi EWS with your AUDNZD could you please update in 4hr i am looking for 1.0810/1.0800 for good entry point what do you think.
    USDJPY just coming to 61.8 fibo from 124.13 Hign to 75.55 low on weekly at 105.57 if this dosent hold ther seems to be some major resistance with at 106.85 Monthly trend line from 147.71 to 124.13 to interception line 106.85 with 50% fibo EX at 107.08 and 100% fibo EX form 97.60 to 103.37 to 101.61 putting level at 107.38 are we looking for big correction around these levels because allot of talk with much higher levels around help would be great.
    Hope you had a wonderfull break
    Best Regards jt

    ReplyDelete
  2. Just seen your 23 Dec USDJPY analysis
    Best Regards jt

    ReplyDelete