Ukrainian hryvnia demonstrated big gains against USD from late January to mid march.
Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015.
So I appreciate it as an active wave.
I expect UAHUSD to resume its uptrend after this correction is completed.
Surge was very fast. the fastest since UAHUSD recovered from biggest fall in early 2015.
So I appreciate it as an active wave.
I expect UAHUSD to resume its uptrend after this correction is completed.
Trade closed manually:
Last year UAH went down much more than I expected.
However, it did not break the low and pattern survived, subsequent rise appeared to be slow.
That's why I assume that UAH will not surge in near future, although formed pattern looks like diagonal, which may be a 1st wave in bigger wave structure of upside trend.
However, it did not break the low and pattern survived, subsequent rise appeared to be slow.
That's why I assume that UAH will not surge in near future, although formed pattern looks like diagonal, which may be a 1st wave in bigger wave structure of upside trend.
Comment:
But I suggest to wait for some kind of confirmation.