06 - 10 March |
weekly
forecast 06 - 10
March Gold Weekly Review Wave Analysis: As expected, the impulsive wave (a) traded intensely to the lower side but could not go lower than 1224.77. The bullish pullback witnessed on Friday the last trading day is a mere correction of the impulsive wave (b) and should not go beyond 1253.75 from where w | ||
2017 | EURUSD | GBPUSD | USDJPY |
10 March | Wave Analysis: Instead of going short as previously forecasted, the impulsive wave (5) ended a bit earlier than expected and could not go beyond the short term support level 1.05310. The pair then traded massively long and even broke above the upper resistive trend line and also above 1.05751. Foll | Wave Analysis: As expected, both the inner wave v and the outer wave (5) traded short and is still pretty much bearish. We expect the bearish pin bar witnessed earlier today to mark the continuation of these impulsive waves to the lower side towards 1.1994. A break below this level will push the p | Wave Analysis: As expected, the US Dollar broke above the resistance level 114.50, headed long and even ended up forming a a bullish pin bar with it's lower tail being supported by the just broken resistance level. We went long following this bullish pin bar expecting the price to continue long tow |
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06 March |