September 2, 20200Comments

USD pairs on September 2

Weak data on Eurozone inflation led to a price decrease in the EUR / USD pair, thus, short positions from 1.1951 brought about 50 points of profit from the market.

by Jeff Wecker

Forex Analysis

September 1, 20200Comments

Analysis of the GBP/USD pair on September 1. Pound continues to rise amid sharp decline on dollar demand in the market

The wave pattern of the upward trend is actually completed already, but the recent situation in the market, that is, high demand for pound and weak demand for dollar, has led to a more complicated wave structure in the chart.

by Jeff Wecker

Forex Analysis

September 1, 20200Comments

Analysis of the EUR/USD pair on September 1. Falling US Treasury yields decreases demand for dollar

The wave pattern in the EUR / USD pair remains unchanged, but if we look closely at the upper part of the structure, we will see that movement continues to build up, thereby making the pattern more complicated, especially amid decreasing dollar demand in the market.

by Jeff Wecker

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