April 9, 20200Comments

USD for April 9, 2020. Wave 3 can Send the Euro Above the Mark of 11. Fed Minutes Give no Signals.

On April 8, the EUR/USD pair lost about 35 base points but remained within the framework of the predicted wave 3 in C of the new uptrend which was formed on March 20. If scenario is right, then the quotes may continue to rise above the level of 11.

by Jeff Wecker

Forex Analysis

April 8, 20200Comments

Analysis of EUR/USD and GBP/USD for April 8. Minutes of the Fed Meeting; US Number of Cases is Not Declining.

On April 7, the EUR / USD pair gained about 100 basis points and thus began, presumably, building an upward wave 3 in C. If this is true, then the increase in the instrument will resume with targets above the 11th figure after a small departure of quotes from the reached highs.

by Jeff Wecker

Forex Analysis

April 7, 20200Comments

Analysis of EUR/USD and GBP/USD for April 7. The First Successes Against Coronavirus; Boris Johnson’s Hospitalization

On April 6, the EUR/USD pair lost about 20 basis points, and thus, continued to build a prospective wave 2 as part of the future C. The instrument is still preparing to complete the construction of wave 2 and the transition to building wave 3.

by Jeff Wecker

Forex Analysis

April 6, 20200Comments

Analysis of EUR/USD and GBP/USD on April 6. Demand for US Dollar Remains High Despite Depressing Reports from US

On April 3, the EUR/USD pair lost about 50 basis points, and continued thus to build a prospective wave 2 as part of the future C. If this assumption is true, then the instrument will begin to increase quotes today with targets located above the peak of wave 1.

by Jeff Wecker

Forex Analysis

April 3, 20200Comments

Analysis of EUR/USD and GBP/USD for April 3. Dollar Leads Despite Possible Failure of US Statistics Today

On April 2, EUR / USD pair lost another 105 basis points, and thus, continued to build a prospective wave 2 as part of the future C. If this is correct, then we may begin raising the instrument within wave 3 in C in the coming days.

by Jeff Wecker

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