Weekly/Long-Term Markets Forecast, January 29 - February 2, 2018
Anton Kolhanov | Jan 31, 2018 03:55AM ET
Weekly forecast, January 29 - February 2
The market is trading along an uptrend with target on 1.2800, that may be expected to continue, while market is trading above support level 1.2300.
An downtrend will start as soon, as the market drops below support level 1.2300, which will be followed by a move down to support level 1.1900.
The market is trading along an uptrend with target on 1.2800, that may be expected to continue, while market is trading above support level 1.2300. And if it keeps on moving up above 1.2800 we may expect the market to reach resistance level 1.3500.
An downtrend will start as soon, as the market drops below support level 1.2300, which will be followed by a move down to support level 1.1900.
GBP/USD
Weekly forecast, January 29 - February 2
The market is trading along a sideways trend between support 1.3900 and resistance 1.4310.
The uptrend may be expected to continue in case the market rises above resistance level 1.4310, which will be followed by reaching resistance level 1.4600.
An downtrend will start as soon, as the market drops below support level 1.4080, which will be followed by a move down to support level 1.3900.
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Long-Term Forecast
The market is trading along an uptrend with target on 1.4600, that may be expected to continue, while market is trading above support level 1.3900.
An downtrend will start as soon, as the market drops below support level 1.3900, which will be followed by a move down to support level 1.3500.
Gold
Weekly forecast, January 29 - February 2
The market is trading along a sideways trend between support 1340 and resistance 1363, where uptrend may be expected to continue in case the market rises above resistance level 1363, which will be followed by reaching resistance level 1394.
An downtrend will start as soon, as the market drops below support level 1340, which will be followed by a move down to support level 1321 and if it keeps on moving down below that level, we may expect the market to reach support level 1270.
Long-Term Forecast
The market is trading along a sideways trend between support 1321 and resistance 1350, where downtrend will start as soon, as the market drops below support level 1321, which will be followed by a move down to support level 1270.
The uptrend may be expected to continue in case the market rises above resistance level 1350, which will be followed by reaching resistance level 1394.
Weekly forecast, January 29 - February 2
The market is trading along an uptrend with target on 70, that may be expected to continue, while market is trading above support level 64.50 - 63.40.
An downtrend will start as soon, as the market drops below support level 63.40, which will be followed by a move down to support level 61.50 and 60.
Long-Term Forecast
The market is trading along an uptrend with target on 70, that may be expected to continue, while market is trading above support level 60. And if it keeps on moving up above 70, we may expect the market to reach resistance level 78.
An downtrend will start as soon, as the market drops below support level 60, which will be followed by a move down to support level 54.50 and if it keeps on moving down below that level, we may expect the market to reach support level 46.40.
Weekly forecast, January 29 - February 2
The market is trading along an uptrend with target on 3.200 - 3.300, that may be expected to continue, while market is trading above support level 3.000.
An downtrend will start as soon, as the market drops below support level 3.000, which will be followed by a move down to support level 2.750.
The market is trading along a downtrend with target on 2.750, that may be expected to continue, while market is trading below resistance level 3.300.
An uptrend will start as soon as the market rises above resistance level 3.300, which will be followed by a move up to resistance level 3.700.
by Anton Kolhanov
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