Weekly Forecast The Best Forex Broker

[encorecapitals]

EURUSD

Overall direction is to the downside and in picture as seen this is a corrective structure, last week we were expecting market give us a big corrective structure from 1.3500 prior to 1.1130 drop mark gave us just a running structure and then it went back down.
 Remember 1.12 levels mentioned, so all of you who are selling now is the time to take partial profits guys take at least 60 to 70 percent off and leave the rest at break even.
What next we can see market correcting upwards to 1.1180 one push down to around 1.1120 and then the up wave, it's up to you what wave you are going to trade is this down wave to 1.1120 needed for the structure no, is this a high probability chance move yes it is we will wait mark it to unfold and then we'll take action accordingly.
 

GBPUSD
GBPUSD we were expecting market to go up and we said guys be careful with up wave from 1.36500 we were waiting market to give us a bus setup we never got one market continued to drop it gave us an expansion on 1.34500 and then drop from 1.35500 to 1.33764 now market is correcting to 1.34500 for another drop to 1.33764 under this low market will start to go up again are we going to jump in “NO” we will be waiting our buy setups to go for the next up wave.
under 1.33500  low we'll start to look for our buy setups again I’m repeating this do not jump in because the political pressure still exists and if USD will correct for another push up 1.33764  will continue to the downside make sense until dollar will start to reverse this will not go up.
 

AUDUSD
A lot of you are trading this pair and they sold from 0.73200, 0.72400, some of you also sold after 0.71800 corrective structure, you know we were biased to the downside and we said this is a five wave corrective structure & you must remember 0.7050 level. Now what next for AUDUSD any buy setup we got we will go for it, we will be waiting our buy setups to go for the next up wave.
 

USDJPY
For this one while expecting market to correct downwards from 115.800 this drop it might be corrective or the first wave of the next structure, the next wave is towards the downside.
 

NZDUSD
We will expect the market to correct for another drop after 0.65356 drop we'll start to look for our buy setups.
Market went down and now the next wave is towards the upside if we get a buy setup we will go for the buy setup all majors guys gave us the corrective structure that we need and they went down.
Remember there is nothing you know that the market doesn't already know don’t forget that.

GBPJPY
GBPJPY market will correct upwards after the finish of 154.156 corrective structure market will be going down one more time
So, wait this corrective structure to finish and then you look for your sell setups for GBPJPY.
 
GOLD
what next for GOLD one, the next wave is towards the upside so all of you get in the sell take partial profits 70 to 80 percent off and leave the rest at break even if you are happy with the profits close your trade and wait for the next setup.
 
 

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[1715342393]

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[1715342393]

1715342393

[1715342393]

1715342393

[palle11]

GOLD
what next for GOLD one, the next wave is towards the upside so all of you get in the sell take partial profits 70 to 80 percent off and leave the rest at break even if you are happy with the profits close your trade and wait for the next setup.

Maybe you can also consider Gold and silver paired with USD separately. These pairs are highly volatile more than the currency . It can be compared to btc paired with USD also. Some traders like highly volatile trade because it is fast and very highly volatile. However the speed of volatility for profit is also how the losses will show.

[encorecapitals]

XAU/USD (GOLD):

On the H4, with prices bouncing off the ichimoku cloud and breakout from descending trend line, As per the Encore Capitals Analyst gold will bullish bias that price will rise from our 1st support at 1842.65 where the horizontal swing low support is to 1st resistance at 1864.72 in line with the horizontal swing high resistance, 61.8% Fibonacci retracement and 38.2% Fibonacci retracement. Secondly, price can break our 1st support structure and head for our 2nd support at 1834.67 where the horizontal overlap support and 38.2% Fibonacci retracement are.

Areas of Major Support & Resistance:
H4 time frame, 1st Resistance at 1864.78
H4 time frame, 1st Support at 1842.69
 

GBP/USD:

On the H4, Price moving above the ichimoku indicator, Its bullish bias according to Encore Capitals Analyst that price will rise from the 1st support at 1.25496 where the horizontal overlap support is to 1st resistance at 1.26703 in line with the 61.8% Fibonacci retracement, 100% Fibonacci projection and swing high resistance. Secondly, price may break 1st support structure and head for 2nd support at 1.24741 where the horizontal overlap support available.

Areas of Major Support & Resistance:
H4 1st resistance at 1.26708
H4 1st support at 1.25494

 

EUR/USD:

On the H4, Price moving above the ichimoku cloud and within the ascending trend channel, Its bullish bias according to Encore Capitals Analyst that price will rise to our 1st overlap resistance at 1.08595 where the 61.8% Fibonacci retracement is from our 1st support at 1.07495. Secondly, price may break 1st support structure and head for 2nd support at 1.0542 in line with the 23.6% Fibonacci retracement.

Areas of Major Support & Resistance:
H4 1st resistance at 1.08591
H4 1st support at 1.07492


 
USD/JPY:

On the H4,Prices breaking above the ichimoku indicator and breakout from descending trend line, Bullish bias according to Encore Capitals Analyst that price will rise from 1st support at 128.070 where the horizontal overlap resistance and 78.6% Fibonacci projection are to 1st resistance at 128.899 in line with the swing high resistance, 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 127.164 where the horizontal overlap support available.

Areas of Major Support & Resistance:
H4 time frame, 1st resistance at 128.899
H4 time frame, 1st support at 128.070

 
CRUDE OIL:

On the H4, Price expected to reverse off the stochastic indicator, Bearish bias according to Encore Capitals Analyst that price will drop to our 1st support at 112 where the 23.6% Fibonacci retracement is from our 1st resistance at 119.02 in line with the swing high resistance. Secondly, price may break 1st resistance structure and head for 2nd resistance at 123.10 where the 127.2% Fibonacci extension is.

Areas of Major Support & Resistance:
H4 time frame, 1st resistance of 119.02
H4 time frame, 1st support of 112