| 24 - 28 July |
weekly
forecast 24 - 28
July SPX500 Weekly Review SP500 has been bullish for the last few weeks, and currently, the market has completed forming the impulsive V wave pattern. The market is now in a corrective phase. We expect the market to experience a drop in a corrective ABC pattern. As we can see from the chart above, the | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 28 July | EURUSD is currently dropping from major impulsive wave 'V' at 1.1275. The market is very bearish. We expect the market to drop down to 1.0667, which is the next Support zone. We have marked this zone as our minor wave 'a'. From this support zone, we anticipate a bullish EURUSD movement, at least up | GBPUSD is currently very bearish. The market is still in a corrective phase (ABC corrective pattern). We can see that the market is making impulsive moves to the downside from minor corrective wave 'b' at 1.2995, and it is currently forming the minor wave 'c'. We expect the market to drop impulsive | USDJPY is currently very bearish, and we expect the market to remain bearish at least until the end of this week. The market is currently forming the minor wave 'C', indicating that this pair is still in a corrective phase. Moreover, the market has formed a rising wedge, and as we can see from the |
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