Silver has risen some 5% this week but succumbed to 3.70% following partial profit-taking. Its upside structure from either low near $21.50 is not impulsive, but it might be a motive wave. However, the scenario of an ending diagonal still in the making downward remains intact.
Aussie continued to soar this week, up 3% since its early Monday low of 0.7163. Despite its impulsive move upward, the preceding structure hints at a flat wave C. Will it confirm at the previous wave 4?
Pound has lost some 3.40% of its value since February’s top at 158 against yen. It is expected to end correcting its flat wave c below 150. This week’s 0.75% recovery might see prices balance out near 154 but will likely continue to print downward waves after correcting higher.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Daily Elliott Wave Forecast: SILVER, AUDUSD, GBPJPY (04.03.22)
Silver has risen some 5% this week but succumbed to 3.70% following partial profit-taking. Its upside structure from either low near $21.50 is not impulsive, but it might be a motive wave. However, the scenario of an ending diagonal still in the making downward remains intact.
Aussie continued to soar this week, up 3% since its early Monday low of 0.7163. Despite its impulsive move upward, the preceding structure hints at a flat wave C. Will it confirm at the previous wave 4?
Pound has lost some 3.40% of its value since February’s top at 158 against yen. It is expected to end correcting its flat wave c below 150. This week’s 0.75% recovery might see prices balance out near 154 but will likely continue to print downward waves after correcting higher.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags