EURO continued to get slammed against DOLLAR after officially entering wave 3. It erased nearly 2% of its value this week and posised to keep counting as wave 5 is not near making an appearance just yet.
OIL holds firm despite greenback rising, registering a fresh 8-yr high. But its structure hints at a correction the least as the 5th wave is theoritcally in. One more high, however, canbe expected to complete the internal 5-wave move.
SILVER has plummeted along with most assets trading against the USD, invalidating the alternative scenario and making the 5th of an ending diagonal highly probable. The commodity is 7% lower than it was last week, and is expected to find support at wave 3 low.
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Daily Elliott Wave Forecast: EURUSD, WTI, SILVER (28.01.22)
EURO continued to get slammed against DOLLAR after officially entering wave 3. It erased nearly 2% of its value this week and posised to keep counting as wave 5 is not near making an appearance just yet.
OIL holds firm despite greenback rising, registering a fresh 8-yr high. But its structure hints at a correction the least as the 5th wave is theoritcally in. One more high, however, canbe expected to complete the internal 5-wave move.
SILVER has plummeted along with most assets trading against the USD, invalidating the alternative scenario and making the 5th of an ending diagonal highly probable. The commodity is 7% lower than it was last week, and is expected to find support at wave 3 low.
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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