| 24 - 28 October |
weekly
forecast 24 - 28
October Gold weekly review: Weekly Review: During the previous trading week ending 21st Oct 2016, gold markets retraced to the upper side but is currently declining in an upward momentum. We expect the level $1268.91 to have marked the end of the corrective wave (b) and that the current downw | ||
| 2016 | EURUSD | GBPUSD | USDJPY |
| 28 October | Wave Analysis: As previously forecasted, Euro rose earlier yesterday, but ended up closing below its opening price. The previous day’s candle is an exhaustion candle around a key pivot level $1.0907. We expect this level to have marked the end of the corrective wave (4), that the current down | Wave Analysis Following the exhaustion candle witnessed yesterday at noon on the 4Hour, the market fell relentlessly, broke below the channel and is still pretty much bearish. We expect to continue short for the better parts of this intraday but only after minor pullbacks to the just broken trendli | Wave Analysis As previously anticipated, the impulsive wave (3) traded long but is yet to reach our target resistance level $106.17. We expect the current downward rally to be a mere correction of the third wave and should not go beyond the end of the first motive wave, $104.86. ideally, we expect |
| 27 October | |||
| 26 October | |||
| 25 October | |||
| 24 October | |||
en 
cn 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 
