As I was expecting before, the price moved up and now I think the Y wave has already completed now and the price will move down to break the previous low or at least make another correction wave to the 1744 level.
We have the USDJPY pair which moves in the opposite direction of Gold, so when the gold starts moving up, the USDJPY will move down. This is what I'm expecting this week, I believe that the USDJPY is overbought, the pair has already reached 110.30 level without any correction on the daily and weekly time frame. For this week, I think the price will move down to...
I think this pair has completed the major C wave on the weekly time frame, I'm not sure if there gonna be a new low soon, but definitely, this pair need some correction, I think it will go down to 1.25-1.23 level first
The price has made 3 correction waves WXY and now according to the price movements, I think the gold is preparing to move up again. So, I believe that the price is moving on the X wave, after completing this wave, the price should move up again to complete the Y wave which should target 1780-1790 levels.
We have clear downside movements for the short and medium-term, the pair has been on the downside channel since January 6th after reaching the 1.2344 level which is the highest level for this year. If you take a look at the weekly and monthly time frame, you will realize that the current downside movements are a correction. This wave has 3 minor waves WXY, the...
The pair already made 5 waves and now we should see some correction or a new major bullish wave. I think this week will be bullish for the EURGBP pair. The Pound is overvalued while the Euro still in correction mode. I'm not sure if the next move will be the 3rd wave or Z wave.
The pair is overbought , expecting some correction next week below 0.7000 level . In the same time , this could be the beginning for the reversal to 0.65 level. USD will shoot up soon, don't sell the lows.
On Next month, we should see a strong retracement on USD index, All USD pairs will start moving down but this won't take a long time before USD drop below 70 level for long term, Our target for EURUSD is 1.1500.