12 - 16 June |
weekly
forecast 12 - 16
June Silver Weekly Review XAGUSD is indeed displaying a strong bullish trend at the moment, characterized by an impulsive phase. Additionally, it is observed that the market is forming a corrective pattern, specifically an expanding channel, around the 24.247 level. It is important to note that an ex | ||
2023 | EURUSD | GBPUSD | USDJPY |
16 June | EURUSD is presently undergoing a bearish corrective phase following the ABC corrective pattern. Additionally, we observe an ascending channel formation on the chart, originating from the major impulsive wave "I" at 1.0776. Ascending channels typically indicate a potential bearish reversal in the ma | GBPUSD has experienced a decisive breakout above the resistance zone at 1.2668, aligning with our previous analysis (6/15/2023). The pair is still in the process of completing the impulsive phase. The bullish breakout above the resistance zone serves as a strong confirmation of the bullish sentimen | USDJPY is currently very bearish. The market is in a corrective phase. The price is currently declining, suggesting a bearish sentiment in the market. Based on this analysis, it is expected that the market will continue to drop, potentially reaching the level of 139.01. This level corresponds to th |
15 June | |||
14 June | |||
13 June | |||
12 June |