The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below
support level 1.2955, which will be followed by reaching support level
1.2820 and then to 1.2670.
An uptrend will start as soon, as the pair rises above resistance level
1.3130, which will be followed by moving up to resistance level 1.3345.
Supports: 1.2955, 1.2820, 1.2670
Resistances: 1.3130, 1.3345
GBP/USD, Weekly forecast, 03/04 - 03/08
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below
resistance level 1.5165, which will be followed by reaching support
level 1.4900 and then to 1.4720 and 1.4535.
An uptrend will start as soon, as the pair rises above resistance level
1.5400, which will be followed by moving up to resistance level 1.5800
and then 1.6000.
Supports: 1.4900, 1.4720, 1.4535
Resistances: 1.5165, 1.5340, 1.5400, 1.5670, 1.5800, 1.6000
GOLD, Weekly forecast, 03/04 - 03/08
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below
support level 1535, which will be followed by reaching support level
1485.
An uptrend will start as soon, as the pair rises above resistance level
1602, which will be followed by moving up to resistance level 1655 and
if it keeps on moving up above that level, we may expect the pair to
reach resistance level 1714.
Suports: 1560, 1535, 1485
Resistances: 1602, 1620, 1655, 1684, 1714
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