Elliott Wave Video: Dollar, Gold, DAX, Bitcoin, ETH

Good day to everyone.

I’m finally back from vacation and still getting back into the market mindset.

As you know, there’s some optimism in the markets: stocks are performing well and oil is coming down on positive hopes to end a war between Russia and Ukraine, while the US dollar has edged slightly lower as US treasuries found support on renewed rate cut expectations. The 10 year US notes may still be targeting resistance near 113, and yeilds can drop to 4% on 10 year, so DXY is expected to resume lower, especially since the recovery from the July low unfolded in three waves. This suggests there’s more upside potential for other major currencies against the dollar, and possibly some fresh opportunities to uncover as the week unfolds.

For more analysis, check our video below where I also looked at bitcoin, ethereum, gold, dax on lot more.

Grega

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