I believe DXY is going to make its structure. but the news, specially election news, will make the map i have done guess. i think DXY maybe be stronger on early of new presidential. but for next summer maybe we will see new falling of DXY to make a bigger Elliot wave structure.
maybe till end of the year, Gold makes a deep pull back to jump up again.
this is my weekly forecast for Euro. i believe Euro have a big consolidate. but there are too many great opportunity to trade.
US index gonna have deeper consolidate before getting ready for long. maybe we need to wait for reaching $93 price. then we can look for big long trade.
coronavirus is going to destroy the market. maybe the gold will become the best and safest for traders this year. I believe if the coronavirus crisis does keep going, maybe the gold fly to the high record price.
I am looking for a running flat or a diagonal. for running flat I will sell and for diagonal I will Buy.
a lot of traders believe Silver is going to be ready for jumping up. but I believe Silver is still on the downtrend and it will reach $7. maybe silver break the top $21. but Silver will have falling down to $7 or $8 before big jumping up fast to $35.
it seems Silver is going to make a WXY wave for long term.
we have two important R and S on the daily timeframe. I believe Euro will touch R before falling down to the S.
these days, fundamental analysis is very important and we don't know what will be happened because of the corona virus crisis. that's why two variations are possible to happen.
CHF is going to get more power versus JPY. on a daily chart maybe we have uptrend till middle of the year.
Euro is going to jump. maybe we will see the price coming back to touch the lowest support again. So we will look for a very deep buy set up and making big money.
on the daily timeframe, the USDCAD is in the middle of the WXY wave. if the wave goes what I have used, we can make a good profit.
this is a good opportunity for sideway traders to make money from the oil chart.
GBPNZD is going to fall deeply. maybe we will see the raising and getting touch the top again. but after that, we will see a big drop.
maybe we are going to have big consolidate for gold.