| 12 - 16 November |
weekly
forecast 12 - 16
November SPX500 weekly Review Wave Analysis For the past few weeks as we forecasted, this index has gained value significantly following the bounce from 2598.0. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 16 November | Wave Analysis From the bears point of view, euro is is below a trendline indicator, the envelopes. As long as the price is below this indicator, we expect it to be a dynamic resistance. Thus, following last week's bearish pin bar, we expect nothing but a possible momentum to the lowerside with an u | Wave Analysis The cable continues to plummet perfectly as we forecasted, and is still pretty much bearish both on the lower and higher time frames. Following the break below the short term support level 1.28115, we expect further stretch to the lowerside with an ultimate target at 1.27082. The anti | Wave Analysis During the previous trading day, the US Dollar continued on its way to the lowerside but failed to break below the dynamic support marked by the envelope indicator. As long as the price remains above this dynamic support we expect nothing but a possible momentum to the lowerside. The |
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