28 August - 01 September |
weekly
forecast 28 August - 01
September SPX500 Weekly Review The SP500 is currently in an impulsive phase. The market is situated at the major outer corrective wave 'IV' level of 4364.3. It's important to note that this zone acts as a support level. Our expectation is for the price to rise from this zone, reaching at least up to 4889. | ||
2023 | EURUSD | GBPUSD | USDJPY |
01 September | The EURUSD dropped to the downside, just as we had predicted in our previous analysis on 8/31/2023. Currently, the price is within a minor corrective wave labeled as 'b' at 10841. This currency pair is still in a corrective phase, and we anticipate an impulsive upside movement for our target at 1.1 | GBPUSD, our bearish sentiment remains intact as the price continues to decline, aligning with our earlier prediction in the analysis dated 8/31/2023. Notably, the price encountered significant resistance at 1.2746, reinforcing the strength of the sellers. The market is currently in the process of f | USDJPY remains bullish, as evidenced by the chart indicating the formation of a falling wedge pattern—a signal for a bullish trend. The market continues to exhibit an uptrend, and this particular setup remains valid. The market is currently within an impulsive phase, actively shaping the major oute |
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