Wednesday, 6 January 2021

US dollar to strength soon

Hi Traders ,

The US dollar has reached the target and should gain versus all main currencies and commodities.

WTI OIL

WTI Oil price is now at $50 (right on the 61.8 Fibonacci target at $50-51). Besides, it has completed all waves up  (see weekly and daily chart). However, it might attempt a jump up to $54 before reversing.

AUDUSD

AUDUSD (now at 0.778) has completed all waves up and is on target to 0.78-0.80 where it could reverse (see weekly and daily chart). 

EURUSD

EURUSD  (now at 1.23) could temporarily reverse right were it is now, although the main target is still 1.30 (see weekly and daily chart).

GOLD

XAUUSD (now at 1944) might attempt 1965 before reversing temporarily (see weekly chart)

GBPUSD

The pound (now at 1.363) topped at the 1.37 target (see weekly and daily chart) and completed all waves up. It should reverse soon.




WTI weekly. Click the chart enlarge

  



WTI daily. Click the chart enlarge




AUDUSD weekly. Click the chart enlarge





AUDUSD daily. Click the chart enlarge




EURUSD weekly. Click the chart enlarge



EURUSD daily. Click the chart enlarge




Gold daily. Click the chart enlarge




GBPUSD weekly. Click the chart enlarge




GBPUSD daily. Click the chart enlarge

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