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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: EURUUSD, SPX500, AUDUSD (12.04.22)
Euro’s 0.50% gain against the dollar was largely reversed by day’s end on Monday but its structure resembles a corrective structure downward which may be an ending diagonal. Going up or down intraday won’t change much in the medium term.
The SPX plummeted some 1.70% but its overlapping structure hints at a leading diagonal. If we slide much lower today then this would turn the downside price action into a 1,2-1,2 instead, and bearishness would prevail.
Aussie, on the other hand, has also fallen but only 0.55% versus its Monday open. Its structure features an ending diagonal which is probably complete, offering an upside relief. Can it be closer to the 75c or are we in for a short-term rejection?
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