The EURO looks set to continue descending in minor wave 3 against the DOLLAR. Despite identifying a bullish pattern on the charts, it is expected to be part of a correction only, opening the room to fresh lows once wave 2 completes.
The POUND shows a similar outlook in the short-term, however, it corrects wave 2 to the downside, contrary to the euro. Can we see the usual A equals C phenomenon taking place?
GOLD continues to show strength but it also started shoeing the first signs of exhaustion on the RSI and MACD. Once the correction confirms itself, the probability of the triangle pattern completing lower will increase.
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Daily Elliott Wave Forecast: EURUSD, GBPUSD, GOLD (24.01.22)
The EURO looks set to continue descending in minor wave 3 against the DOLLAR. Despite identifying a bullish pattern on the charts, it is expected to be part of a correction only, opening the room to fresh lows once wave 2 completes.
The POUND shows a similar outlook in the short-term, however, it corrects wave 2 to the downside, contrary to the euro. Can we see the usual A equals C phenomenon taking place?
GOLD continues to show strength but it also started shoeing the first signs of exhaustion on the RSI and MACD. Once the correction confirms itself, the probability of the triangle pattern completing lower will increase.
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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