| 07 - 11 May |
weekly
forecast 07 - 11
May Gold Weekly Review Wave Analysis During the previous week, gold markets opened at 1322.66, went as high as 1326.30 and as low as 1301.81 but ended up closing at 1315.06, just a few pips below it's opening price, the previous week's candle is a perfect bullish pin bar candle closing a | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 11 May | Wave Analysis Perfectly as previously forecasted, euro corrected itself to the upper side but could not go above the daily resistance level 1.19328, as long as this level is not clearly violated to the upper side with a big green candle, we expect a rebound from this level to pick a long term long | Wave Analysis After an attempt to rise above 1.35210, the cable declined significantly and is still pretty much bearish. We expect the rebound from 1.3619 to have marked the end of the corrective b that the downward rally that followed is the unfolding of the impulsive wave c, towards 1.33051, if t | Wave Analsis Instead of going long as previously forecasted, the US Dollar barely attempted a break above 109.872 before going to the lower side, we expect this downward rally is just a correction of the impulsive wave (c) and should not go beyond the daily support level 108.678 where we'll be look |
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