August 31, 20200Comments

Analysis of GBP/USD on August 31

The wave structure of the upward trend took a quite finished appearance several times, however, the high demand for British and low for the dollar led to the fact that the upward trend again has become more complicated and took an even longer look.

by Jeff Wecker

Forex Analysis

August 31, 20200Comments

Analysis of the EUR/USD pair on August 31. Speech of Fed chairman Jerome Powell sparks another decline for the US dollar

The wave pattern in the EUR / USD pair remains unchanged, but if the quote successfully passes the current high of wave 3 or C, then the entire structure will have a new and even more complex form.

by Jeff Wecker

Forex Analysis

August 27, 20200Comments

Analysis of GBP/USD on August 27

The wave structure of the upward trend took a complete form. The assumed wave Z looks quite complete and has taken a 3-wave form. In turn, the wave C-Z took a full 5-wave form.

by Jeff Wecker

Forex Analysis

August 27, 20200Comments

Analysis of EUR/USD for August 27, 2020

In the most global sense, the wave counting of the EUR / USD instrument has not changed in recent days or even weeks and looks quite convincing. Supposed wave 3 or C has completed its formation.

by Jeff Wecker

Forex Analysis

August 26, 20200Comments

Analysis of GBP/USD on August 26. Markets are waiting for the situation to be clear.

The wave pattern of the upward part of the trend, which began on March 20, is already completed, although the previous high resulted in the complication of the internal wave structure of wave Z.

by Jeff Wecker

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