27 June - 01 July |
weekly
forecast 27 June - 01
July Gold Weekly Review Weekly Review: During the previous trading week ending 24th June 2016, gold markets rose considerable following Brexit and even hit our target $1320. The level $1320 is a key level and may protect the upper side, however, a clear break above this level will push the | ||
2016 | EURUSD | GBPUSD | USDJPY |
01 July | Wave Analysis: EUR/USD is currently trading with a bearish bias. Yesterday, the pair broke below the ascending channel, headed short but could not close below 1.1023. During this intraday, following the retest of the lower trend line forming bottom of the rising channel, we expect further movements | Wave Analysis GBP/USD is currently trading with a bearish bias. The Cable continues to make lower lows even as Gold and EUR/GBP, maintains a "safe heaven", higher highs status. Following the breakout below 1.3375, we expect further movements to the lower side and may break below 1.31160. Since Euro | Wave Analysis: USD/JPY is currently trading with a slight bearish bias. Yesterday, the pair rebounded above its consolidation zone 102.34-102.06, headed long but is yet to reach our target resistance level 103.70. We expect a possible bullish price movements towards 103.70 or even higher to 104.84 |
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27 June |