TECHNICAL FORECAST
EUR/USD
Uptrend scenario:
An uptrend will start as soon as the market rises above resistance level 1.0570, which will be followed by a move up to resistance level 1.0612 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1.0680.
Downtrend scenario:
The downtrend may be expected to continue, while market is trading below resistance level 1.0560, which will be followed by reaching support level 1.0500.
GBP/USD
Uptrend scenarion:
An uptrend will start as soon as the market rises above resistance level 1.2220, which will be followed by a move up to resistance level 1.2350.
Downtrend scenario:
The downtrend may be expected to continue, while market is trading below resistance level 1.2220, which will be followed by reaching support level 1.2065.
Gold
Uptrend scenario:
An uptrend will start as soon as the market rises above resistance level 1217, which will be followed by a move up to resistance level 1227.
Downtrend scenario:
The downtrend may be expected to continue, while market is trading below resistance level 1217, which will be followed by reaching support level 1206.
US Crude Oil
Uptrend scenario:
Uptrend scenario is complicated for today with accumulation of resistances between levels 53.30 - 53.70.
Downtrend scenario:
The downtrend may be expected to continue, while market is trading below resistance level 53.30, which will be followed by reaching support level 52.15.