FreshForex_com

FreshForex_com

Wave Analysis During the previous week, the cable close higher than expected, and is still above our sellers level 1.27053, as long as the price remains above this level, we expect a possible momentum towards 1.30616 and should not break any higher. And on the flipside, should the price break below 1.27053, then this will be an ideal place to resell the last...

FreshForex_com

Wave Analysis According to the weekly chart attached, there was a perfect wedge formation which was broken when the price went below the supportive trendline. As we've been mentioning on our previous forecasts, while the price remains below the zone 1.1450-1.1395, we're still within the sellers territory, therefore, we recommend looking for a long term short...

FreshForex_com

Wave Analysis Euro is currently trading around 1.1379. As we mentioned in our previous forecasts, as long as the price remains below the immediate upper trendline, we expect nothing but a steep decline towards 1.05425. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.12125 towards 1.040 or...

FreshForex_com

Nothing much happening on this pair, Since Monday this week, this pair continues to consolidates below the upper trendline, as long as the price remains below this trendline, we expect nothing but a steep decline towards 1.10200. If you're not in any position at the moment, you could wait for a retracement towards 1.1450 to pick a long term short position with an...