Hey Traders, I hope you had a great week.
Markets remain very interesting as the US dollar is now testing important resistance levels despite stocks continuing to push higher, even with rising US yields in recent weeks. In our latest video update, I walk through the current Elliott Wave structure across the major dollar pairs, while also covering some interesting crosses such as AUDNZD and EURGBP. We also take a look at crude oil and discuss what the recent reversal may mean for stocks going forward. Cryptocurrencies are showing a slightly different picture at the moment, as they currently appear to be trading more in line with the US dollar rather than the technology sector.
If you want to stay ahead of the markets with daily Elliott Wave analysis, intraday updates, and trade setups across different markets, then make sure to check us at wavetraders.com.
Have a nice weekend,
Grega
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