Yen has finally started to strengthen against dollar and prepares to print an indecision bar shy off the the130.00 round level. With the 5-wave structure looking complete, can the pair start correcting after 13 days and 6.50% of gains?
Gold reversed nearly 3% since Monday’s high and is moving down impulsively. Momentum hints at the end of wave 2 and further downward continuation, but wave 1 must confirm the price action before medium-term signals reveal.
Corn futures have had a decent rally of 15% since primary wave four completed at 713. Short-term, another leg up can be expected, but it seems more of a case where a reversal could be seen soon.
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Daily Elliott Wave Forecast: USDJPY, GOLD, CORN (20.04.22)
Yen has finally started to strengthen against dollar and prepares to print an indecision bar shy off the the130.00 round level. With the 5-wave structure looking complete, can the pair start correcting after 13 days and 6.50% of gains?
Gold reversed nearly 3% since Monday’s high and is moving down impulsively. Momentum hints at the end of wave 2 and further downward continuation, but wave 1 must confirm the price action before medium-term signals reveal.
Corn futures have had a decent rally of 15% since primary wave four completed at 713. Short-term, another leg up can be expected, but it seems more of a case where a reversal could be seen soon.
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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