08 - 12 August |
weekly
forecast 08 - 12
August Gold weekly Review: Weekly Review: During the previous week ending 5th August 2016, instead of going long as previously forecasted, Gold markets retraced to the lower side following the release of NFP and may head further to the lower side. We expect the current downward rally to be | ||
2016 | EURUSD | GBPUSD | USDJPY |
12 August | Wave Analysis EUR/USD is currently trading with a declining bullish bias. Yesterday, the pair traded perfectly short as previously forecasted and even ended up breaking below a key pivot level 1.1157. A long as the pair trades below this level, we expect a possible bearish price rally towards 1.111 | Wave Analysis GBP/USD is currently trading with a slight bullish bias. Yesterday, the cable traded short as previously forecasted and even went below 1.2997. Following this breakout we expect to continue short with this pair but only up to 1.29024, a clear breakout below this target will push the p | Wave Analysis USD/JPY is currently trading with a slight bearish bias. Yesterday, the pair rebounded perfectly from the support level 100.91, headed long as previously forecasted but is yet to reach our target resistance level 102.44. A long as the pair trades with the current rectangular formation |
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08 August |