ELLIOTT WAVE INTERMARKET UPDATE JAN 20TH 2020

By Fernando Luna

I am neutral the buck now. Stocks look strong after finding support at the 3320–headed to the 3328 resistance now. BTC should be correcting in a 2 wave–in B of zig now. 10-year yield is at end of triangle pattern looks like i might break to the upside. Oil is rolling over again–support down at the 200 EMA and the 57.30 low. Gold positive testing the 1563 resistance now. But still looks weak after the Jan 8th spike up. The dollar is slight green today and is above the 200EMAs again. EURO looking weak nearing the 1.1064 support. Dollar strong against the yen but should be pulling back some on the daily. CAD slight strong against the buck but stuck in a contraction on daily. Pound slight green after testing lower trend line support. Aussie too is nearing lower trend line support. The Frank green today but might be throwing back soon on the hourlies. The Kiwi cold be in a 4th wave of five up—support at the .65839. Peace!

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