Euro has traded flat against the #dollar yesterday and it’s likely to continue so until the CPI release later in the day. Correcting in wave 4, it’s still expected to do one more leg up at least. Will it be today?
Gold continued to ascend, marking yet another 0.50% rise but it’s overbought. Regardless, price action remains biased up, so, this correction in the final triangle wave may just be deeper.
Yen was also flat against greenback, with the current dynamics hinting at a potential triangle. The medium-term structure points to more upside, but will we see it taking effect, or is the 5th wave in already?
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Daily Elliott Wave Forecast: EURUSD, GOLD, USDJPY (10.02.22)
Euro has traded flat against the #dollar yesterday and it’s likely to continue so until the CPI release later in the day. Correcting in wave 4, it’s still expected to do one more leg up at least. Will it be today?
Gold continued to ascend, marking yet another 0.50% rise but it’s overbought. Regardless, price action remains biased up, so, this correction in the final triangle wave may just be deeper.
Yen was also flat against greenback, with the current dynamics hinting at a potential triangle. The medium-term structure points to more upside, but will we see it taking effect, or is the 5th wave in already?
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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