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Contest #15_04_03

Weekly Focus
- RBA Meeting, Cash Rate.(Consider this as stable, cash rate should stay at 2%)
- FOMC Meeting Minutes (Mixed expectations, asymmetrical situation)
- ECB Draghi Speaks (All day off)
Trading
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AUDUSD - expect fluctuations on Monday, tho if Retail Sales worse than expected we may (from word maybe) see some selloff before RBA meeting. 4h chart shows some exhaustion with 3 drive, but no confirmation yet. Wednesday will be the key day for further direction.
EURUSD - not expecting much fr…
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That's what we call bullish USD

Will bulls retreat next week?
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VictoriaVika avatar

:)))

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Cable prediction.

This pair is hard to predict technically, but here is my forecast for the 1st of July. In weekly chart I see triangle formation. This formation began in 2009 (hooray we have 4 year anniversary!!! ) and looks like this range is narrowing to apex, but its so far away from today that i cant even say exactly when and if it will happen. Anyway, this contest is for July price so we will look no further than that. Ok. lets look at weekly chart:At first sight we had one triangle that is completed wit…
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scramble avatar

actually the daily chart is really promising! :D great analysis!

xau avatar
xau 8 May

Thanks Scramble, basically price action may and will be different to what i draw, i mean price could drop like this only if something will push it really hard (like change in sentiment before Sir King retirement or something), but contest rules wants only price on 1st of July so i can do PA whatever i want :) Thanks for vote!

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