Dollar is up 1.60% against the yen so far this week and rising. Its 5-wave structure nears its end, however. Can the 126.00 hold bull, or should we expect 127.00 to make a difference? Yesterday’s doji might have put an end to the extended 3rd wave, and the 5th could do the trick.
OIL soared ~7% on Tuesday after printing a fresh low in wave (4). If this is indeed the end of the correction, revisiting the March high is a very likely scenario. Can bulls maintain triple-digit price levels or are we in for another dump?
Kiwi plummeted 1.50% from its intraday top at 69c, erasing 100 pips in a matter of hours. Is this the beginning of an extended 3rd wave that can take us down to 65c or will it form only a correction pattern followed by further upside?
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Daily Elliott Wave Forecast: USDJPY, WTI, NZDUSD (13.04.22)
Dollar is up 1.60% against the yen so far this week and rising. Its 5-wave structure nears its end, however. Can the 126.00 hold bull, or should we expect 127.00 to make a difference? Yesterday’s doji might have put an end to the extended 3rd wave, and the 5th could do the trick.
OIL soared ~7% on Tuesday after printing a fresh low in wave (4). If this is indeed the end of the correction, revisiting the March high is a very likely scenario. Can bulls maintain triple-digit price levels or are we in for another dump?
Kiwi plummeted 1.50% from its intraday top at 69c, erasing 100 pips in a matter of hours. Is this the beginning of an extended 3rd wave that can take us down to 65c or will it form only a correction pattern followed by further upside?
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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