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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Wave Forecast: EURUSD, EURGBP, NATGAS (08.02.22)
Euro’s double top shy off $1.15 against dollar does not look like a reversal, but a correction. The price action suggests we are in wave 4 and could slide lower given the shallow depth of wave 2. Running or expanded, wave (C) foresees more upside in the short-term.
Against pound, EU’s currency has seen a tremendous upside following the completion of a terminal pattern down below 0.83. Up nearly 2% since then, the correction is likely to continue printing more gains once completed. Can the reversal be confirmed?
NaturalGas plummeted after drawing an extended wave above $5, losing nearly 20% of its value in a matter of hours. Despite looking bearish, there is hope as the upside completed 5-waves up, and could be now correcting an ABC in wave (2). If $4 holds, that’d be a plus.
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