18 - 22 May |
weekly
forecast 18 - 22
May Gold Wave Analysis Wave Analysis Last week, the Impulsive wave (iii) continued to the upper side and even went above the level 1756.70, our previous week's target, we are waiting for a sign that the impulsive wave (iii) is ended so that we sell for short term the corrective wave (iv) towar | ||
2020 | EURUSD | GBPUSD | USDJPY |
22 May | Wave Analysis After breaking below the supportive trendline late yesterday the price continued to move to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is now, we are expecting a possible continuation of the impulsive wave (c) to the lowerside and | Wave Analysis The British pound continues to rally below the 52 Simple moving average. As long as the price remains below the SMA, I expect nothing but a possible momentum to the lowerside is expected towards 1.21095. The anticipated bearish price rally is the continuation of the impulsive wave (v | Wave Analysis During the previous trading, the US Dollar rallied but as at now, the price is below the level 107.481. Following the break below the supportive trendline, or the converging wedge formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price ral |
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18 May |