The euro has slid some 150 pips against the dollar since wave (4) was completed last week and it seems poised to head lower. Whether the beginning of the 5-wave move or not, the short-term looks more bearish than it does bullish.
Crude oil plummeted nearly 15% week-on-week and flirts with the $100/bbl support. Price action remains indecisive, and the short-term could end up being either up or down. However, it seems like we’re still in the correction wave (4).
Gold has been inactive since war rhetoric deteriorated, posting marginal losses of 0.60% last week. Its price action is also unclear in the short-term, but the medium-term suggests we’\re still in correction mode.
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Daily Elliott Wave Forecast: EURUSD, WTI, GOLD (04.04.22)
The euro has slid some 150 pips against the dollar since wave (4) was completed last week and it seems poised to head lower. Whether the beginning of the 5-wave move or not, the short-term looks more bearish than it does bullish.
Crude oil plummeted nearly 15% week-on-week and flirts with the $100/bbl support. Price action remains indecisive, and the short-term could end up being either up or down. However, it seems like we’re still in the correction wave (4).
Gold has been inactive since war rhetoric deteriorated, posting marginal losses of 0.60% last week. Its price action is also unclear in the short-term, but the medium-term suggests we’\re still in correction mode.
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.
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