| 27 February - 03 March |
weekly
forecast 27 February - 03
March SP500 is in a corrective phase, the market is currently bullish, the market formed a descending wedge that is expanding in nature, from the beginning of major wave (I),4810.6, to major wave (V),3560.6. This is a reversal pattern. Again, as we can see in the chart above, the market formed a d | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 03 March | EURUSD has been on a downtrend since the beginning of this week. Currently, the market is in a corrective wave (ABC Corrective pattern), as we can see on the chart above the market formed an ascending channel from (1.0533) to (1.0691), the market has already broken below the lower trendline of this | GBPUSD has been on an uptrend for the last few days, and the trend is likely to continue. Again, the market is in a corrective phase (ABC corrective pattern). The market is currently in a resistance zone,1.1922, the market has formed a triple-double bottom, and the market is likely to buy from this | USDJPY is in an uptrend, and the market is currently in a correct, phase(corrective 3-wave pattern). The market has formed an expanding wedge at the major zone (136.48), this is a bullish pattern, we already have two touches on both the lower trendline and upper trendline, since the market is at th |
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