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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, GBPUSD, GOLD (10.01.22)
The euro prices kicked the week off on negative footing against the dollar as intermediate wave (4) seems complete now. A break of the ascending trendline can be an early sign of bearish continuation to $1.1186 at least.
The British pound is poised to move higher in the medium-term should the break outside the descending base channel proves valid. With an ensign diagonal in the making, the short-term price action is more bearish than it is bullish.
Gold lost a decent $40 off of its price since wave B ended at the 65% Fibonacci at $1830 and it’s expected to decline further. Any upside, for now, is seen as short-term relief that could find resistance at the round $1800. Either way, the triangle is near its completion.
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