25 - 29 April |
weekly
forecast 25 - 29
April Gold weekly Review: Wave Analysis: During the previous week ending 22nd April 2016, gold market traded long for the better parts of the week but ended up forming a downward trend continuation candle on the weekly chart. During this week, we expect the current downward rally to be t | ||
2016 | EURUSD | GBPUSD | USDJPY |
29 April | Wave Analysis: EUR/USD is currently trading with a bullish bias. Yesterday, the pair rebounded from the lower supportive trend line and ended up breaking above a key resistance level 1.1380. Following this breakout, we are waiting for minor pullback towards the just broken resistance level to gi | Wave Analysis GBP/USD is currently trading with a bullish Bias. Yesterday, wave (4) ended a bit earlier at 1.4473 thereby paving way for wave (5) to continue to the upper side. In case of a clear breakout above 1.4640-1.46637, we will wait for minor downward retracement towards the same level to co | Wave Anlysis: USD/JPY is currently trading with a bearish bias. Yesterday, the pair traded massively short and even broke below a key support level 107.80. Following this break, we are very reluctant to go long, instead, we sit on sidelines and wait for a retracement towards the just broken level |
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25 April |