Euro continues to fall against the dollar despite looking corrective. It seems minor wave 1 of (5) has been completed, though. This foretells we have 4 more waves to go before ending the primary bearish trend.
Pound also weakened against the greenback, however, its drop was significant and quite impulsive one might add as the pair trades some 200 pips lower on Monday morning. What can be observed, is that the 3rd minor wave is underway.
Alphabet reports its corporate earnings later this week, and judging by its bearish price action, markets seem to think results won’t be good. Technically, google just kicked off a 3rd wave impulse downward, however, as part of a larger correction only.
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Daily Elliott Wave Forecast: EURUSD, GBPUSD, ALPHABET (25.04.2022)
Euro continues to fall against the dollar despite looking corrective. It seems minor wave 1 of (5) has been completed, though. This foretells we have 4 more waves to go before ending the primary bearish trend.
Pound also weakened against the greenback, however, its drop was significant and quite impulsive one might add as the pair trades some 200 pips lower on Monday morning. What can be observed, is that the 3rd minor wave is underway.
Alphabet reports its corporate earnings later this week, and judging by its bearish price action, markets seem to think results won’t be good. Technically, google just kicked off a 3rd wave impulse downward, however, as part of a larger correction only.
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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