empty
24.03.2025 12:21 PM
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th

GBP/USD

Analysis: The daily chart of the British currency pair shows an ongoing bullish wave structure since January 13 of this year. The middle part of the wave (B) has been developing in recent weeks. The pair is forming a contracting flat pattern, which remains incomplete.

Forecast: Expect a sideways, flat tone in GBP's movement. Pressure on the lower support boundary is possible, followed by stabilization and potential for a bullish reversal. A resumption of upward momentum is more likely toward the weekend.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 1.3180 / 1.3230
  • Support: 1.2900 / 1.2850

Recommendations:

  • Selling: No potential; likely to result in losses.
  • Buying: May become the primary strategy once confirmed reversal signals appear near the support zone.

AUD/USD

Analysis: The bullish wave that began in February continues its formation. The middle corrective section (B) is still in progress and is taking shape as an extended flat correction.

Forecast: A downward tone is likely over the next couple of days, with pressure on the lower support boundary. Toward the weekend, volatility is expected to rise, followed by a possible trend reversal and price growth.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 0.6370 / 0.6420
  • Support: 0.6250 / 0.6200

Recommendations:

  • Selling: Possible with reduced volume size within individual sessions until the first reversal signals.
  • Buying: Can be considered after relevant signals appear near the support zone.

USD/CHF

Analysis: The ongoing bullish wave from August shows an incomplete corrective segment (B). The price is near the upper edge of a major support zone. A reversal wave structure must form before the next upward movement.

Forecast: Expect sideways movement with a downward bias in the coming days, potentially reaching support. Volatility may increase near the weekend, along with a potential bullish reversal.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 0.8940 / 0.8990
  • Support: 0.8750 / 0.8700

Recommendations:

  • Selling: Possible with reduced volumes in select sessions.
  • Buying: May be used after confirmed reversal signals near support from your trading system.

EUR/JPY

Analysis: The ongoing short-term bullish wave began in late February. Since early March, a sideways correction has been forming. The wave structure remains incomplete. The price is now near the lower boundary of a major daily timeframe reversal zone.

Forecast: Price is expected to fluctuate between opposing zones during the week. A downward move is more likely at the beginning of the week, with the possibility of a reversal and upward movement later.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 163.20 / 163.70
  • Support: 160.50 / 160.00

Recommendations:

  • Selling: Can be used with fractional volumes during select sessions.
  • Buying: Viable after confirmed reversal signals appear near the support zone.

#Ethereum

Analysis: The dominant trend in Ethereum since December remains a downward wave. The wave is impulsive. After breaking strong support, the price entered sideways drift over the last two weeks, forming wave (B). It is moving along the lower boundary of the newly formed resistance zone.

Forecast: Expect sideways drifting to continue along the resistance zone in the next few days. Reversal signals may appear later, with higher volatility toward the end of the week. A brief breakout of resistance before reversal is possible.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 2000.0 / 2050.0
  • Support: 1560.0 / 1510.0

Recommendations:

  • Buying: Low potential; likely to result in losses.
  • Selling: Becomes relevant after confirmed reversal signals appear near resistance.

#Litecoin

Analysis: Litecoin has been forming a downward wave model since February. A corrective wave (B) began on March 11. The price is forming a contracting flat, after which the decline is expected to resume.

Forecast: Expect a flat upward move over the next few days, potentially reaching the resistance zone. A renewed decline is expected closer to the weekend. Support outlines the lower boundary of the week's range.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 100.00 / 102.00
  • Support: 83.50 / 81.50

Recommendations:

  • Buying: Suitable intraday, but potential is limited by resistance.
  • Selling: Becomes the main strategy once reversal signals appear near resistance.

Notes: In Simplified Wave Analysis (SWA), all waves consist of 3 parts (A-B-C). Only the last incomplete wave is analyzed per timeframe. Dotted lines indicate expected price movement.

Important: The wave algorithm does not account for the duration of price movements over time.

Isabel Clark,
Analytical expert of InstaForex
© 2007-2025
GBPUSD
Great Britain Pound vs US Dollar
Summary
Neutral
Urgency
1 week
Analytic
Vyacheslav Ognev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

Analysis for GBP/USD on March 26, 2025

The wave pattern for GBP/USD remains somewhat ambiguous but overall workable. There is still a high probability of a long-term bearish trend forming. Wave 5 has taken a clear shape

Chin Zhao 17:37 2025-03-26 UTC+2

Analysis for GBP/USD on March 25, 2025

The wave pattern for GBP/USD remains somewhat ambiguous but still manageable. Currently, there is a high probability of a long-term downward trend forming. Wave 5 has taken a convincing shape

Chin Zhao 18:36 2025-03-25 UTC+2

Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th

A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely

Isabel Clark 11:13 2025-03-24 UTC+2

Analysis for GBP/USD on March 21, 2025

The wave structure for GBP/USD remains somewhat ambiguous, but overall manageable. At present, there's still a high probability of a long-term downward trend developing. Wave 5 has taken

Chin Zhao 18:42 2025-03-21 UTC+2

Analysis for EUR/USD on March 21, 2025

The EUR/USD pair saw no change on Friday. There was no news background in the direct sense of the word today, so the market had nothing to respond

Chin Zhao 18:39 2025-03-21 UTC+2

Analysis for EUR/USD on March 20, 2025

The wave structure on the 4-hour chart for EUR/USD is at risk of transforming into a more complex formation. A new downtrend structure started forming on September 25, which took

Chin Zhao 18:37 2025-03-20 UTC+2

GBP/USD Analysis – March 18th

The wave structure for GBP/USD remains somewhat ambiguous yet generally clear. At present, there is a high probability that a long-term downward trend is forming. Wave 5 has taken

Chin Zhao 18:45 2025-03-18 UTC+2

EUR/USD Analysis – March 18th

The wave structure on the four-hour chart is at risk of transforming into a more complex formation. A new downward wave structure began forming on September 25, taking the shape

Chin Zhao 18:43 2025-03-18 UTC+2

EUR/USD Analysis – March 17th

The 4-hour wave analysis for EUR/USD is at risk of transforming into a more complex structure. A new downward trend began on September 25, taking the form of a five-wave

Chin Zhao 17:34 2025-03-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.