sir which type of correction is going kindly reply thanks, in wave 5
Nahmar
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@muhammadaliimran,
I think we are faced with a fetal correction
But in general, Wave 4 is not suitable for trade. It's better to end of Wave 4 and Wave 5.
It's better to trade the pair of independent and currencies, like:
AUDCAD-CHFJPY-AUDNZD-EURGBP-NZDJPY-AUDJPY-AUDCHF-USDCAD-EURJPY-GBPJPY-AUDSGD
muhammadaliimran
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@Nahmar, bundle of thanks sir, nice information, now i think we are nearing to end of wave 5 if 89.40 level cross,, thanks for good analysis,
developeralgo222
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Never underestimate the USD , currently it is a silent calculated Downward spiral but remember US economy is stronger than the EURO Economy . So Whats driving the Downward spiral when US is almost at Full employment and Economy is charging at around GDP 2.5 to 3.0% every Quarter
1. Large US Debt
2. Fears of intrinsic inflation and eventual Interest rate hikes
3. Speculators
4. Trump's China trade war . His Adminstration might be having a field day . Drive the USD as a low as possible but claim you want a stronger USD and that will hurt China trade very much without firing any missile . US goods will be cheaper to buy and that will eliminate most of the trade deficit with China. There is one problem though. China's Yuan is pegged to the USD and China is the Largest Debt holder of US Bonds and Treasuries .
Its a Catch 22 for USD , i think i will make my USD cake and eat it too
Olu
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Hi I am following the same idea too. Downwards now to an intermediate substantial low