| 07 - 11 August |
weekly
forecast 07 - 11
August Gold weekly review: Wave AnalysisEarlier this month, instead of continuing long as previously forecasted, the gold markets pulled back slightly and could pull back even further. We expect this bearish rally to be a mere correction of the impulsive wave (c) and should not go beyond the end of the | ||
| 2017 | EURUSD | GBPUSD | USDJPY |
| 11 August | Wave Analysis: During the previous trading day, Euro rebounded perfectly from the supportive zone 1.1733-1.1713, headed long and is still bullish. We expect this upward rally to be a mere correction of the previous impulsive wave and should not continue long for long. We expect it not to go beyond | Wave Analysis Despite the inside bar seen earlier this week, the cable is yet to spike downwards as previously forecasts but instead its consolidating below 1.3025. If the price can maintain below 1.3025, we're waiting for the intraday stochastic to rise above it's overbought level of 80 to settle | Wave Analysis During the previous trading day, the impulsive wave (5) extended lower but is yet to hit our target take profit level 108.59. Today, we expect a possible extension of this impulsive wave count towards our previous target where we expect a possible rebound to buy this pair. If by the t |
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