Daily Forecast: EUR/USD, GBP/USD, GOLD by ForexMillion

[Strategist]

EUR/USD, forecast from: 18 May, 2015
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1.1345, which will be followed by reaching resistance level 1.1470.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1.1345, which will be followed by moving down to support level 1.1250.

GBP/USD, forecast from: 18 May, 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5730, which will be followed by reaching support level 1.5575.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5770, which will be followed by moving up to resistance level 1.5890.

GOLD, forecast from: 18 May, 2015
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1224, which will be followed by reaching resistance level 1239.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1224, which will be followed by moving down to support level 1213 and if it keeps on moving down below that level, we may expect the pair to reach support level 1193.

 

[Strategist]

EUR/USD, forecast from: 25 May, 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.1090, which will be followed by reaching support level 1.0805.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.0900, which will be followed by moving up to resistance level 1.1345.

GOLD, forecast from: 25 May, 2015
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1212, which will be followed by reaching resistance level 1193.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1212, which will be followed by moving up to resistance level 1225.

 

[Strategist]

EURUSD, Weekly Forecast, 06 - 10 July
Main scenario:
The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.0970, which will be followed by reaching support level 1.0700.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.1100, which will be followed by moving up to resistance level 1.1390 - 1.1445.

GBPUSD, Weekly Forecast, 06 - 10 July
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1.5610, which will be followed by reaching support level 1.5290.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1.5610, which will be followed by moving up to resistance level 1.5740 and then to 1.5970.

GOLD, Weekly Forecast, 06 - 10 July
Main scenario:
The pair is trading along an sideways trend.
An downtrend will start as soon, as the pair drops below support level 1153, which will be followed by moving down to support level 1136.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1172, which will be followed by moving up to resistance level 1201.