26 - 30 December |
weekly
forecast 26 - 30
December . Gold weekly Review Weekly Review: For the past few months, Gold Markets have been falling relentlessly and is still showing signs of possible momentum to the lower side. Following the break into the falling channel, we are waiting for minor pullbacks towards the now resistive trend l | ||
2016 | EURUSD | GBPUSD | USDJPY |
30 December | Wave Analysis: Earlier today, Euro spiked sharply to the upper side and even hit our first and second take profits, 1.05370, 1.06465 respectively. Although this pair looks pretty much bullish, the massive upward rally witnessed earlier today could as well be a mere knee jack and could be short live | Wave Analysis: For the past two days, the cable has been retracing to the upper side despite our expectations to continue short. We expect this upward retracement to be a mere correction of the impulsive wave (c) and should not go beyond the end of the first motive wave (1), 1.2378, from where we'l | Wave Analysis: As previously forecasted, the US Dollar broke below the support level 116.71, headed perfectly short but has currently retraced back to it. As long as as this level,116.71, limits any invasion to the upper side, we expect to continue short with the impulsive wave (c) and should not g |
29 December | |||
28 December | |||
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26 December |