comienzo
comercio

Principal >
Datos analíticos de Forex
>
Pronóstico Fresco
>
Elliott waves for Forex correlation analysis
>
Gold, SP500, Brent Oil Weekly Review

Gold, SP500, Brent Oil Weekly Review | 21 Abril 2017

Gold weekly review

Gold, SP500, Oil Weekly Review

Wave Analysis:
 
As previously anticipated, the impulsive wave (c) traded on the higher ranges and is still pretty much bullish both on the daily and the weekly charts. During trading week, we choose to hold onto our previous buy position with our target still intact at 1396.94. A break above this level will push the price further to the upperside but should not go beyond 1500. Expect a similar wave count in Silver, these two commodities will have a similar price action during this intraday. Only buy or sell Silver if gold is giving the same signal. Gold drags silver along with it.

Trade Recommendation:

Expect a possible bullish price movements towards 1396 within the the next 5days.

SP500 weekly review

Gold, SP500, Oil Weekly Review

Wave Analysis:
 
Earlier the previous week, the corrective wave (2) failed to go beyond 2380. Instead, the price bounced off from 2363.1, headed short, and is still showing signs of possible momentum to the lower side. We expect the downward rally that began mid the previous week to be the unfolding of the impulsive wave (3), should be extensive in nature and may go beyond 2289. This CFD should be traded alongside CADJPY, USDJPY and AUDJPY. These items will have a similar price action during this intraday.

Trade Recommendations:

Expect a possible bearish price rally towards 2289.

Brent weekly review

Gold, SP500, Oil Weekly Review

Wave Analysis:
 
During the previous trading week ending 14th April 2017, Brent oil traded on the higher ranges but is currently at the verge of a correction to the lower side. We expect the downward rally that began the previous trading day on 14th April 2017 to be an onset of a corrective three wave cycle with the first impulsive wave (a) ending around 54.6 and the last motive wave (c) ending around 52.0. If you're not short already, wait for the corrective wave (b) to end around the upper resistive trend line to pick low risk sell opportunities.

Trade Recommendations:

Expect a possible bearish momentum towards 52.00. Buy positions may only be recommeded in case the price breaks above 57.00, if this is the case, then  an accelaration towards 60 is inevitable.

 

 

FreshForex cancels commissions!

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:

Close
Iniciar sesión

Mostrar contraseña

Ocultar contraseña

 ¿Se te olvidó tu contraseña?
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.

Nuestros mejores premios:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.