WealthByForex

WealthByForex

Now we are watching closely to monitor if we see price continue to move upwards or potentially reversing to the downside. Trade with care in the markets as the volume will slowly drop off in the next 1-2 weeks.

WealthByForex

Just as we predicted in our initial post on our telegram channel, this pair made a clean bounce from the highlighted support to the current resistance. We forecast further downside from this point here. Wait for reversal confirmation.

WealthByForex

Trump seems to be not ready for a trade deal yet. He wants to extend it until his next election in November 2020. This could potentially create global panic, as he wants also tariffs on European countries. His goal is that the USD has the best and strongest economy in the world, but this could also affect the US economy negatively.

WealthByForex

Gold prices reacted to US Hongkong Bills. The Trade war is slowing down the Global economy, which could lead into strengthening Gold. We could potentially see a movement down, where we want to buy from a major support level. Currently following our analysis perfectly.

WealthByForex

The recovery of Oil prices seem to be nearly impossible. The bad data on the employment change in Cad could potentially force the BoC (Bank of Canada) to cut their interest rates. CAD could potentially be more weak for those reasons (long term).

WealthByForex

Due to the uncertainty in Brexit, we can expect some lower downside of the EUR.

WealthByForex

Due to Brexit’s many policies, reforms, important decisions on hold and a potential Hard Brexit, we could potentially drag the GBP down very hard.

WealthByForex

RBA is being very cautious and have a lot of future plans for economic growth and investments. AUD/USD seems overall very oversold below the 0.69 level. Any downfall is a new opportunity for us to catch a strong bullish movement.

WealthByForex

Predicting a strong fall for this pair after failing to break the low 1.33s.

WealthByForex

Despite subject to strong fundamental bias due to Brexit, we are expecting a downside movement to the 1.278 region and to finally fill the gap.

WealthByForex

Forecasting a rejection off this resistance after the recent rally.

WealthByForex

If you have been following our analyses for EUR/USD, you would have seen that last week's analysis is progressing accordingly. From this point here, we believe some downside should be expected.

WealthByForex

Please see the chart above for our analysis for AUD/USD this week. Currently at a strong support level, projecting a reaction from the bulls here.

WealthByForex

We believe price may return to the 1470 region one more time before commencing a larger downside movement.

WealthByForex

Forecasting a strong bearish movement for this pair.

WealthByForex

After a brief bounce from the level at 1.099-1.10, we see price continuing further down. Conversely, we could see an immediate break of that level. Ultimately we remain short on this pair.

WealthByForex

After a triple top/consistent rejections from the 1.296 level, we forecast this pair to make a further continuation to the downside. Additionally, a gap at 1.278 is a target we expect to get filled soon.

WealthByForex

We are monitoring this pair for a reaction at the 0.677-0.678 level. Target points depending on a break or bounce are displayed above. Will update later in the week.