Silver has completed a five-wave structure to the downside, followed by a Zigzag correction near the 0.786 Fibonacci retracement level. I anticipate further decline in the market and recommend considering short positions after a confirmed break below Wave B.
I anticipate continued growth in the USDCHF pair. The correction has likely concluded at the level of the previous 4th wave, and we are now in the process of forming the first wave upward.
I believe the correction in EURUSD has concluded, and the pair is poised to continue its downward movement. Consider entering short positions after a confirmed break below the 1.04218 level.
GBPNZD is currently forming a bull flag pattern, signaling the potential for an upward move in the near future.
The correction in the USDCHF pair seems to be approaching its conclusion. A break and consolidation above the 0.88897 level will provide the confirmation needed to consider entering long positions.
It appears that a five-wave structure to the downside has completed. Now, we anticipate a corrective three-wave structure before the downward trend resumes.
US500 continues to move within the price channel. I anticipate further market growth.
It is similar to EURUSD. If, after a five-wave structure, we see three waves up, the GBPUSD pair is likely to continue its decline.
If, after a five-wave structure, we see three waves up, the EURUSD pair is likely to continue its decline.
After a slight correction in gold, I anticipate further growth.