April 24, 20200Comments

USD analysis on April 24. Demand for USD Falling in Late Friday Ahead of Durable Goods Orders Report

On April 23, the EUR/USD pair lost about 50 basis points. Today, it continues to form the complex wave 2 which later takes the form of three waves. If this assumption is correct, the quotes are expected to rise in the near future with the target at 11th figure within the wave 3.

by Jeff Wecker

Forex Analysis

April 23, 20200Comments

Analysis of EUR/USD and GBP/USD for April 23. All Focus on US Unemployment and the “Whole World-China” Confrontation in the Case of Coronavirus

On April 22, the EUR/USD pair lost about 40 basis points and continues to build the complicated wave 2 at the moment. If this assumption is correct, then the increase in quotes will begin in the near future with goals located around the 11th figures.

by Jeff Wecker

Forex Analysis

April 22, 20200Comments

Analysis of EUR/USD and GBP/USD for April 22. Euro Continues to Adjust to the 11th Figure, Pound Targets 1.2170

On April 21, the EUR/USD pair did not lose or gain a single point, continuing to trade around the 23.6% Fibonacci level. Thus, the wave marking of the euro/dollar pair has not changed at all over the past day and still involves the construction of an upward wave 3 in C with minimal targets located around the 11th figure.

by Jeff Wecker

Forex Analysis

April 22, 20200Comments

Analysis of EUR/USD and GBP/USD on April 21. GBP Drops Following the Wave Pattern. EUR to Resume Growth Soon

On April 20, the EUR/USD pair lost just about 10 basis points, and later on Tuesday it eased by additional 30 points. Thus, we can see another attempt of the price to break through the 23.6% Fibonacci level. The previous two attempts were not successful.

by Jeff Wecker

Forex Analysis

April 20, 20200Comments

Analysis of EUR/USD and GBP/USD for April 20. Spread of COVID-2019 is Slowing in the US and Europe. Countries are Preparing to Lift the Quarantine

On April 17, the EUR/USD pair gained about 35 basis points and made an unsuccessful attempt to break through the 23.6% Fibonacci level. Thus, increasing the quotes of this instrument may be resumed in the near future within the framework of the proposed third wave in the composition C.

by Jeff Wecker

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