Gold And The USD
Forex Million | Aug 01, 2014 06:00AM ET
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1281, which will be followed by reaching support level 1270.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1293, which will be followed by moving up to resistance level 1307.
Previous forecast:
Weekly Forecast, 30 July - 01 August
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start from support level 1293 - 1288, which will be followed by moving up to resistance level 1318 and then to 1332.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1288, which will be followed by moving down to support level 1270 and 1248.
Previous forecast:
Monthly forecast, July - August (updated 07/07/14)
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1332, which will be followed by reaching resistance level 1365 and then to 1392.
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Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1294, which will be followed by moving down to support level 1248.
Previous forecast:
Long-term Forecast: May - August
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1560, which will be followed by reaching support level 1182 and then to 975 - 878.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1560, which will be followed by moving up to resistance level 1747 and then to 2000.
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