| 20 - 24 August |
weekly
forecast 20 - 24
August Gold Weekly Review Wave Analysis: For sometimes now, the impulsive wave (c), of the corrective three wave cycle has been in a constant downtrend is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1355.43, we expect a possible extension of the | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 24 August | Wave Analysis Two weeks ago, the was an attempt break below 1.1460. We are waiting a rise above 1.1605 to confirm further a possible rally to the upper side. But according to the weekly chart attached, as long as the price remains below 1.1605, we expect a possible momentum to the lower side, the a | Wave Analysis Few days ago, the corrective wave (4) headed significantly to the upper side but could not go above 1.2960, we expected a momentum towards this level then a rebound to pick a short position, however, at the moment, the rebound from 1.29 seems to have marked an end to the corrective wa | Wave Analysis For some few days now, the corrective three wave cycle has remained confined within the falling channel formation and is not showing any signs of breaking out of it. As long as the price remains within the falling channel formation, we expect a possible momentum to the lower side. The |
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