AbogodA-FX

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Follow the expected wave scenario for GBPUSD movements 4 hours After breaking 2175 Continuation of the negative outlook after the formation of the new bottom LL and a return to test 2110 with negative momentum RSI <50 With the awaited bearish reversal, the chances of the decline increase to complete the fifth descending wave, by surpassing the bottom of 1.1933

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USDCAD Important observation area Yesterday's candle - Doji - test an important price congestion axis Waiting for the candle to close today Momentum declined at a weak pace, RSI still>50 1.2917 for monitoring

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Stocks slipped after US consumer confidence plummeted amid persistent inflation fears Relative recovery of oil prices above 111 dollars a barrel US10Y bond yields still maintained gains above 3%. 31.7K/32K range formed resistance The Dow fell about 3%. to watch 30800

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Corrective bullish formation after a triangle drop Predictions to test 6980/7000 before going down Waiting for a break below the moving average to raise the chances of a drop to watch 6980/7000 6925

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Among the fears of an economic slowdown Chinese closure, and waiting for demand levels to return Oil loses about 12% from its last peak And a wave scenario is expected to test the area of 107/105 dollars a barrel in the coming period

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Dow Jones at an important pivotal level Levels to watch today 31000 31200 30160

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The US dollar index DXY compensates for its losses yesterday, before the bears start today's trading, and a battle with buyers is currently at the 105 mark, which is marred by anticipation before the FOMC meeting today. The outlook tends to positive, supported by the possibility of raising interest rates by 75 basis points in an attempt to curb inflation

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Five-wave impulse, likely to be wave 1 current wave abc correction Level 2317 is a strong price congestion axis The price may test it or break it a little to 2300 or below to end the current correction before going back up

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Expected wave path in the short to medium term (Elliott waves) Positive outlook with the completion of the five-wave Bullish reversal from 14330 range at 38.2% Fibonacci Powered by high momentum RSI>50 Increases the chances of targeting 14600 and 14800 respectively ⚠️ The ascending scenario remains active above 14283

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NASDAQ 100 NAS100 CFD The seventh day in a row, and the index is trying to retest the 12660/575 area without a real breach that supports the bullish idea, despite the bullish wave arrangement for the last wave from the bottom of 11600 Below the 13K barrier and the average EMA50 day The outlook remains negative - and chances of a drop, even for a correction,...

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Amid concerns about persistent inflation and worries about disruption to the global supply chain due to the Russian war with this expected to raise consumer prices, the Federal Reserve is betting on tightening its monetary policy at a faster pace. 10Y bond yields rose above 3% and pressured gold to 1840/36 before falling below it amid a fragile risk pace with...

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EURNZD Assuming the end of the current correction wave Testing the price congestion axis ahead of 6600, and with exceeding it, the chances of continuing the rise to 6695 and then 6840, respectively, with the continuation of the positive momentum

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GBPUSD receives support from 2500 and a rise within the consolidation range for the fourth trading day on trading within the borders between 2616 and 2458, the lowest 50-day average with balanced momentum RSI=50 The positive outlook on the dollar may curb the pair's rise, which is expected to rebound from the 2700 . areas to watch 2650 2500 2450

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GBPCAD The medium-term outlook is negative Important support test at 5880 in the long term Short term support at 5800 Negative momentum and expectations of extending the decline to 5580 More oil price recovery supports the Canadian CAD, which supports the negative outlook on the GBPCAD pair

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Fears of slowing US economic growth with stable bond yields pressure the dollar index again after the latest recovery attempt below the 102 mark And stay tuned for today's NFP employment data After April 428K, May is expected to be around 325K, but the possibility of its positive impact weakens unless the unemployment rate declines

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As the dollar recovers, the chances of gold falling increase Do the prices believe this saying, especially with the noticeable purchasing refusal on gold prices with testing the 1858/64 resistance area? Gold momentum is starting to visit negative territory for the second time Waiting for the 1840/35 test

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Further decline in 10Y bond yields with a relative rise in risk appetite pulled the rug from under the dollar usd whose DXY index has resumed its 14% decline from the top With a positive tone from the Australian Reserve, the currency supported This led to the rate of rise that we saw in the previous period Technically on 4 hours AUDUSD Follow the wave scenario...

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On the daily frame Previous price congestion axis at 107.20 forms a stronger support than expected for UKOIL oil moves and brings prices back to retest the $114 resistance We notice the gradual decline in the size of the candles, and this is a technical indication of the weakness of the rise The momentum is balanced on RSI and its decline below the 50 line...