**Malawi Should Prepare for Further Kwacha Depreciation Against the USD: Economic Analysis and Elliott Wave Insights 📉🇲🇼💵**
**Technical Analysis:** The USD/MWK pair completed wave 1 on April 22, 2013, reaching 418.64. Following a corrective wave 2 that concluded on June 1, 2013, at 302, the market surged into an extended wave 3, peaking at 1675 in November 2023....
Technical Analysis: The GBP/USD currency pair completed wave (1) to the upside on March 8, 2024. Subsequently, the market corrected to form wave (2) on March 22 in the intermediate degree (black). Currently, the market is in wave (3), with the upward movement for this wave having begun. Within its subdivisions, wave 1 completed on March 28, and wave 2 appears to...
Based on my long-term analysis, EURGBP appears to be forming a corrective pattern resembling a (w)(x)(y) in the minute degree. Wave (w) seems to have concluded at 0.85119, followed by wave (x) at 0.87499. Currently, the market seems to be trending downwards to complete wave (y) in the minute degree before resuming its upward trajectory. This analysis suggests...
Based on my long-term analysis, EURGBP appears to be forming a corrective pattern resembling a (w)(x)(y) in the minute degree. Wave (w) seems to have concluded at 0.85119, followed by wave (x) at 0.87499. Currently, the market seems to be trending downwards to complete wave (y) in the minute degree before resuming its upward trajectory. This analysis suggests...
