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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, WTI, GOLD (21.02.22)
The euro is trading 0.60% higher against the dollar on Monday morning already, soaring in what seems to be a correction wave c (encircled) of 2. If price action continues its pace $1.14 will be reached sooner than later. Can the pair sustain its momentum during the US Presidents’ holiday?
Oil now trades 3% lower from its new high at $93.15/bbl registered last Friday. The structure from the $96/bbl top looks corrective, so, another leg up is expected. Will it be complete soon, though? Highly unlikely when one considers the guideline of alternation.
The prices of gold slid too on Monday morning, beating nearly 1% lower from last Friday’s high of $1908/oz. The metals look corrective too, however, the completion of the corrective leg is expected to be shallow in this case. The count is different but points in the same direction.
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