| 03 - 07 April |
weekly
forecast 03 - 07
April SPX500 Weekly Review SP500 has been bullish since last week. Currently, the market is in a corrective phase, which is the ABC corrective pattern. The market has formed a descending wedge, which is an expanding bullish reversal pattern that extends from the beginning of major wave (I), at 4810.6, | ||
| 2023 | EURUSD | GBPUSD | USDJPY |
| 07 April | EURUSD is still very bullish since the beginning of this week, the market is in a corrective phase which is the ABC corrective pattern. As we can see from the chart above, the market has formed a descending channel which is a bullish continuation pattern, from minor corrective wave "A",1.1029 to mi | GBPUSD has been bullish since the beginning of this week. The market is currently in a corrective phase, following an ABC corrective pattern. As we can see on the chart above, the market has formed a continuation pattern known as an expanding channel, from minor corrective wave "A" at 1.2 | USDJPY is still very bearish. The market is forming the 5 major impulsive waves pattern. As we can see on the chart above the market formed an ascending channel(A bearish reversal pattern) from 129.63 to 133.65. Currently, the price is at a major zone /resistance, if we check on the lower timeframe |
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