09 - 13 November |
weekly
forecast 09 - 13
November Gold weekly Review: Weekly Review: During the session on Friday gold markets fell significantly following the Nonfarm Payroll Number unanticipated higher outcome. As a result of this, the US dollar strengthened massively, which worked against the value of gold. Since Gold is negatively corr | ||
2015 | EURUSD | GBPUSD | USDJPY |
13 November | Technical View: EURUSD is currently trading with a bearish bias. We expect the level 1.0836 to be the end of wave (4) and to mark the beginning of wave (5). The anticipated downward movement forming wave (5) should target 1.04866. This pair is strongly negatively correlated to USDJPY, thus, shoul | Technical View: GBP/USD is currently trading with a bearish bias. We expect 1.5247 to be the end of wave (5), to begin the 3 wave cycle. Assuming 1.5239 to be the end of wave (b), we expect wave (c) to cross and close below the lower support trend line and the lower than the end of wave (a). Tech | Technical View: USDJPY is currently trading with a slight bearish bias. The pair traded short for the better parts of yesterday's intraday but could not hit our key support level 122.44. We are waiting to begin wave (5) from 122.44, meaning, we will go long from the support trend line at 122.44. |
12 November | |||
11 November | |||
10 November | |||
09 November |