May 29, 20200Comments

USD for May 29. Demand for the Dollar Falls Due to Tensions Between US and China

On May 28, the EUR/USD pair gained about 70 more basis points and, thus, continues to build the estimated wave 3 in 3 in C in B of the upward trend section.

by Jeff Wecker

Forex Analysis

May 28, 20200Comments

Analysis of EUR/USD and GBP/USD for May 28. Euro Continues to be in Demand Amid Optimism Over a New Plan to Save the European Economy

On May 27, the EUR/USD pair gained about 25 more basis points and, thus, presumably continues to build wave 3 in C to B of the upward trend section. The instrument finally updated the peak of wave 1, which indirectly confirmed its readiness to continue raising quotes.

by Jeff Wecker

Forex Analysis

May 27, 20200Comments

Analysis of EUR/USD and GBP/USD for May 27. America is Preparing Sanctions Against China

On May 26, the EUR/USD pair gained about 85 base points and, thus, supposedly resumed the construction of wave 3 in C in B of the upward trend section.

by Jeff Wecker

Forex Analysis

May 26, 20200Comments

Analysis of EUR/USD and GBP/USD for May 26. Hong Kong Becomes a New Point of Conflict Between Beijing and Washington

On May 25, the EUR/USD pair literally lost a few basic points, so the wave markings did not suffer any changes. However, this pair began to rise this morning, which gives hope for the implementation of the current wave pattern, which involves the construction of wave 3 in C in B.

by Jeff Wecker

Forex Analysis

May 25, 20200Comments

Analysis of EUR/USD and GBP/USD on May 25. Markets are Waiting for a Denouement or New Data on the US-China Conflict

On May 22, the euro/dollar pair lost another 55 basis points. Thus, the instrument continues to move, which contradicts the current wave markup, which assumes the construction of an upward wave 3 or C or B.

by Jeff Wecker

« Older Articles