04 - 08 April |
weekly
forecast 04 - 08
April Gold weekly Review: Weekly Review: During the previous trading week, Gold markets broke above the immediate thin trend line but closing below it thus giving us a downward continuation candle. Following the previous week's candle, we expect the price to trade in the lower ranges during this week | ||
2016 | EURUSD | GBPUSD | USDJPY |
08 April | Wave Analysis: EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded short and even tested the daily support 1.1333 but could not close below it. During this intraday, we expect a close below 1.1333 to mark the continuation of wave (a) towards 1.1282. Although we anticipate m | Wave Analysis: GBP/USD is currently trading with a bearish bias. Yesterday, the pair traded massively short as previously forecasted but could not close below the daily support 1.4054. As long as the pair trades above this level, expect the price to trade on the higher ranges with targets at 1.4193 | Wave Analysis: USD/JPY is currently trading with a bearish bias. Yesterday, the pair traded short and ended up being supported at the level 107.87. Following the massive downward rally witnessed during the previous intraday, we expect the current upward movement to be a mere retracement towards 109 |
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04 April |