Training with Anton Kolhanov

Start making persistent profits by sticking to my few simple trading rules and always know what you are doing with a clear plan on your hands

Subscribe & Follow me:
OK

  • Weekly / Long-Term Forecast

    Weekly / Long-Term Forecast, September 11 - 15

    LEADING INDICATORS

    econom

    Main news of this week:
    Wednesday: OIL - inventories
    Thursday: GBP - % rates; US - Core CPI

    EURUSD

    Weekly forecast, September 11 - 15
    Last week EU GDP increased from 2.2% to 2.3%, economy continue its recover and while we trading in uptrend above main support level 1.1977, marker is going to reach key resistance level 1.2237.
    However we have signs of loss of uptrend impulse, as pair dropped below 1.2060 - 1.2040 and in this case market is able to start downtrend with target to support levels 1.1923 and 1.1821 - 1.1760, if will break down main support level 1.1977. We need waiting for Thursday US "Core CPI" news to see further trend scenario.

    eurusd

    Long-term forecast (from september 4)
    We came to main resistance levels 1.2020 - 1.2237, from that can expecting correction to first strong support 1.1450.
    The uptrend may be expected to continue in case the market rises above resistance level 1.2237, which will be followed by reaching resistance level 1.2800 - 1.3800.

    eurusd weekly chart


    Market is trading between resistance 1.1977 and support 1.1821.
    An downtrend will start as soon, as the market drops below support level 1.1821 - 1.1760, which will be followed by a move down to support level 1.1565 - 1.1450.
    The uptrend may be expected to continue in case the market rises above resistance level 1.1977, which will be followed by reaching resistance level 1.2237.

    eurusd daily chart forecast



    GBPUSD

    Weekly forecast, September 11 - 15
    Market is trading on key resistance level 1.3215, from that is possible to start downtrend to 1.2874, if this Thursday GBP % rates news will be negative for pound. And this scenario will start as soon, as the market drops below support level 1.3135.
    The uptrend may be expected to continue in case the market rises above resistance level 1.3215, which will be followed by reaching resistance level 1.3295 and then possible to 1.3390.

    gbpusd
    previous chart forecast

    Long-term forecast (from September 4)
    Last monthly downtrend candle (black) as closed as absorption, that open road for further downtrend to support levels 1.2580 - 1.2380.
    The uptrend may be expected to continue in case the market rises above resistance level 1.3215, which will be followed by reaching resistance level 1.3915.

    gbpusd weekly chart forecast





    GOLD

    Weekly forecast, September 11 - 15
    Market is trading on the main resistance level 1348, from that is possible to start downtrend, if market will confirm negative impulse with break down of support level 1333, after that market will reach target levels as 1314 and 1288.
    The uptrend may be expected to continue in case the market rises above resistance level 1348, which will be followed by reaching resistance level 1366.

    gold
    previous chart forecast


    long-term forecast (from September 4)
    Price became very closer to main reslstance level 1350, where also we have blue trend line. From it possible to have correction back to 1268. In other way, the uptrend may be expected to continue in case the market rises above resistance level 1350, which will be followed by reaching resistance level 1420 and 1557.

    gold weekly chart forecast

    CRUDE OIL

    LEADING INDICATORS

    oil econom


    Weekly forecast, September 11 - 15
    On previous week we saw that oil production is felt on 749 thousand barrels, that is very hudge quantity, but same time, first in last few month, inventories increased on 4,580 thousand barrels, so we got paradoxical situation. Deficiency of production was compensated by import, too much, as result oil price felt from $49 to $47. Anyway, problematic situation in US with hurricanes is still exist and possible that this week on Wednesday we can see new surprises in news statistics.

    While now oil have disbalance in production, very possible that before Wednesday news market will go up in recovery to resistance level 48.85 - 49.20.
    But after Wendesday's news (or even before them), downtrend will start as soon, as the market drops below support level 47.30, which will be followed by a move down to support level 46.30 and 45.58.

    oil
    previous chart forecast

    Long-term forecast (from September 4)

    us oil wti weekly chart forecast

    by Anton Kolhanov

    FREE TRADING RECOMMENDATIONS
    80% of success

    (EUR/USD, GBP/USD, GOLD)

    We respect your email privacy

    What is my incentive to pass the knowledge?

    It’s simple: when you are teaching others, you are learning yourself. When I explain principles of trading to another person, I break down and systematize my own knowledge.