Picture of the author

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

Elliott waves analysis

27 - 31
March
weekly
forecast
27 - 31
March

 SPX500 Weekly Review SP500 has been bullish since last week. The market is in a corrective phase, and the market is currently very bullish. The market formed a descending wedge (Bullish reversal pattern) that is expanding in nature, from the beginning of major wave (I),4810.6, to the end of majo

2023 EURUSD GBPUSD USDJPY
31
March

EURUSD is currently at a minor zone/resistance zone, at 1.0910. The market is currently in a corrective phase, displaying an ABC corrective pattern. This pair has formed an expanding wedge, which is a bearish pattern starting from 1.0666. It is expected that the market will form a double top or any

GBPUSD has been bullish since the beginning of this week. Currently, the market is in a corrective phase, displaying an ABC corrective pattern, as we predicted in our previous analysis from March 31st, 2023. The market will likely remain bullish, at least up to 1.2400. Furthermore, the price is mov

USDJPY is currently very bearish, with the price at a major impulsive wave (IV) of 132.85. The market has been moving in the form of a descending wedge that is expanding from 132.99 to where the market currently stands. Within this expanding wedge, an ascending channel has formed, which is also a b

30
March
29
March
28
March
27
March
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .