Elliott Wave Live: “Both, USD and Stocks In Recovery mode; Who is Right and Who is Wrong?”
May 22, 2023

VIDEO

Markets can be volatile this week as US debt limit negotiations are ready to resume today. Then we have the EU PMI data tomorrow, followed by the RBNZ rate decision, FOMC meeting minutes and important UK CPI data on Wednesday. For now the USD remains strong, showing a clear uptrend on the hourly DXY chart where we track a bullish impulse that should resume after the current wave four set-back. Support is at 102.60/103 from where we will look higher, so at the same time other XXX/USD pairs can drop. We see kiwi forming an interesting recovery; a clear corrective rally after that shape leg down from May highs so I think that new sellers may show up this week, possibly after RBNZ rate decision.

Below the video, you will find some highlights and short description of the markets I covered.

If you will find our analysis usefull then make sure to check our premium services

Best regards,
Grega

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register here (Limited-Special 2 for 1 Offer available)

DAX Is Coming Higher After A Consolidation READ MORE

DISCLAIMER

Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close