Due to the implication it has regarding FED tapering of QE.
My forecasts by EURUSD, GBPUSD, USDCHF, USDJPY, GOLD
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Due to the implication it has regarding FED tapering of QE.
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EUR/USD, Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an sideways trend.
An is started from support level 1.3510 - 1.3480, which will be followed by moving up to resistance level 1.3625 and then to 1.3700.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3480, which will be followed by moving down to support level 1.3355 and then to 1.3200.
GBP/USD, Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.6870, which will be followed by reaching resistance level 1.7190.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.6870, which will be followed by moving down to support level 1.6730 - 1.6660.
GOLD, Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1269, which will be followed by reaching resistance level 1291 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1303 and 1316.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1269, which will be followed by moving down to support level 1250.
Main scenario:
The pair is trading along an sideways trend.
An is started from support level 1.3510 - 1.3480, which will be followed by moving up to resistance level 1.3625 and then to 1.3700.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.3480, which will be followed by moving down to support level 1.3355 and then to 1.3200.
GBP/USD, Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.6870, which will be followed by reaching resistance level 1.7190.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.6870, which will be followed by moving down to support level 1.6730 - 1.6660.
GOLD, Weekly Forecast, 16 - 20 June
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1269, which will be followed by reaching resistance level 1291 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1303 and 1316.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1269, which will be followed by moving down to support level 1250.
Gbpusd
" My view on GBPUSD - Price is already in a great support area across all higher time frame, but the downtrend is still intact. Price will break through 1.45540 and can go upto 1.42235 , and can have a retrace upto 1.50755. Let know your views."
" My view on GBPUSD - Price is already in a great support area across all higher time frame, but the downtrend is still intact. Price will break through 1.45540 and can go upto 1.42235 , and can have a retrace upto 1.50755. Let know your views."
