| 08 - 12 May |
weekly
forecast 08 - 12
May Gold Weekly Review XAUUSD is currently in a corrective phase, and the market is forming the ABC corrective pattern. As we can see from the chart above, the market has been moving within an ascending channel from 1988.57 to where it is now. However, ascending channels are typically bearish revers | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 12 May | EURUSD is currently in a corrective phase, following the ABC corrective pattern. This pair has been experiencing a downward trend over the past few days. At present, the market is forming the minor wave C, which, upon completion, will indicate the end of the corrective phase. The price is currently | GBPUSD is currently exhibiting strong bearishness due to the market forming lower lows and lower highs. Additionally, this pair is in a corrective phase, characterized by both impulse and corrective patterns in its price movements. Presently, the market sits at 1.2507. I anticipate the market to de | USDJPY is currently in a corrective phase, with the market forming the ABC corrective pattern. Presently, the market is in the process of forming the minor wave c. I anticipate a slight rise in this pair up to 134.83, followed by the formation of a double top pattern and a subsequent drop to 132.59 |
| 11 May | |||
| 10 May | |||
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