| 18 - 22 September |
weekly
forecast 18 - 22
September Brent Oil Weekly Review Trade Recommendations: During the previous week, the Brent oil rallied to the upperside and is still continuing to the upperside. As it is right now, I am looking for long positions expecting an extension of the last impulsive wave (v) to the upperside and may see t | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 22 September | EURUSD is still very bearish. From the chart above, we can see that the price is currently dropping impulsively to the downside. The price has been rejected at a major resistance zone, specifically at 1.0762, just as we expected. We anticipate the price to continue its descent, at least down to 1.0 | GBPUSD has completed the 'V', major waves pattern, with the price currently at the major impulsive wave 'V' at '1.2256'. We expect the price to move to the upside impulsively in the form of a corrective 'ABC' pattern. You can place a long position at '1.2310', with your profit target at the resist | USDJPY remains bullish, although the price has impulsively broken above the resistance zone at 147.86 and, as we can see, it has retested this zone. We expect this pair to remain bullish. The market is in an impulsive phase and is currently forming the impulsive major outer wave 'V,' which is our t |
| 21 September | |||
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| 18 September | |||
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