Elliott Wave Market Overview February 6 2012

Hello Traders! Hope you all had a great weekend! USD is trading higher after a gap lower on Euro and S&P Futures seen at the open.

Commodity currencies are also looking weak after lower metals, with gold down more $40 from Friday highs. Looks like we could see more USD strenght in this week, but only within larger corrective pull-backs, which are part of a bullish trend on majors. Video:

Guest post by Gregor Horvat

For more analysis please check our latest video analysis below in which we covered Euro, Aussie, Cad, Gold and Jpy.

If you want updates and more technical analysis, then you can join our services at www.ew-forecast.com

Get the 5 most predictable currency pairs

Leave a Reply

Your email address will not be published. Required fields are marked *