Elliot Waves Ukrainian Hryvna Correction NeededAfter dollar collapse and major run to strong positions of Ukrainian currency, as i think elliot waves could be applied. In the near future price should retrace a little and stay stable till the next major period, which is starting from September. Although international money loan can disturb a situation for a while, we ll see.
Im not responsible for your choices to buy or sell. It is not an advice.
UAHUSD trade ideas
Trend of the Ukrainian CurrencyOver the three years the summer orders always bringing back the price to some reasonable levels. Winter season with New Year and depending on help from Union always bring crashes, i believe the price might see some struggle again, but overall, even with the paying big loan back by country, currency still have a sign of holding on.