EURO soared an incredible ~2% against DOLLAR since yesterday. Following a hawkish shift from the #CB, price action has reversed course and made a flat pattern the main scenario in primary wave four now. Will be running or expanding? The NFP figures might shed some light.
The SPX fell some 2% intraday but was quick to recapture the 4500 handle on high volumes. This suggests a potential correction of the upside trend and could be in line with our main scenario of printing a motive wave to all-time highs.
OIL continued to ascend to fresh mutli-year highs after registering an intraday low. It’s trading 5% above the said support at $87 at the time of writing and looks poised to move higher as part of a motive wave. However, its days seem numbered as the move stands restricted at $94.85. Can it break that for a change?
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Daily Elliott Wave Forecast: EURUSD, SPX500, WTI (04.02.22)
EURO soared an incredible ~2% against DOLLAR since yesterday. Following a hawkish shift from the #CB, price action has reversed course and made a flat pattern the main scenario in primary wave four now. Will be running or expanding? The NFP figures might shed some light.
The SPX fell some 2% intraday but was quick to recapture the 4500 handle on high volumes. This suggests a potential correction of the upside trend and could be in line with our main scenario of printing a motive wave to all-time highs.
OIL continued to ascend to fresh mutli-year highs after registering an intraday low. It’s trading 5% above the said support at $87 at the time of writing and looks poised to move higher as part of a motive wave. However, its days seem numbered as the move stands restricted at $94.85. Can it break that for a change?
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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