| 17 - 21 December |
weekly
forecast 17 - 21
December Gold weekly Review Wave Analysis During the past trading week, gold bounced off from the upper trendline and is still pretty much below it. As we mentioned in our previous forecasts, as long as the price remains below this trendline, we expect the bounce from this trendline to have marked an end | ||
| 2018 | EURUSD | GBPUSD | USDJPY |
| 21 December | Wave Analysis Euro is currently trading around 1.1471. We went short around 1.1450 as previously forecasted and is still holding on to this position. If the current week's candle can close below 1.1450, then we'll hold onto this short position with an ultimate target at 1.1160. The anticipated bear | Wave Analysis The cable is currently trading around a key weekly level 1.26. This is a good sellers area and as long as the price remains below it, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the unfolding of an impulsive wave count to the low | Wave Analysis During the previous trading day, the US Dollar rallied further to the lower side and even closed below the supportive trendline and is still pretty much below this line, As we mentioned in our previous forecast, as long as the price remains below this level, we expect nothing but a po |
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