12 - 16 December |
weekly
forecast 12 - 16
December Gold Weekly Review: Wave Analysis: As previously forecasted, The Yellow metal traded massively short and is still showing signs of bears dominance. Although we expect further bearish price movements, we’re waiting for a clear breakout below the immediate diagonal supportive trend line to | ||
2016 | EURUSD | GBPUSD | USDJPY |
16 December | Wave Analysis: As expected, Euro traded massively short upon breaking below 1.06458, but is currently retracing to the upper side. We expect the current upward rally to be a mere pullback and should not go beyond 1.06458 from where we'll be looking for low risk sell opportunities. As long as the le | Wave Analysis: Following the break below the lower trend line, the cable headed short but could not go beyond the pivot level 1.2412. Although we expect further movements to the lower side, we'll only be interested in going short upon a clear breakout below 1.2412. Any breach of this level to the | Wave Analysis: Following the rebound from the supportive zone, 114.97-114.47, the US dollar rose to the upper side and is still showing signs of momentum to the upper side. The current chart set up and structure shows signs of potential bullish momentum and will likely trade long for the better par |
15 December | |||
14 December | |||
13 December | |||
12 December |