March 6, 20200Comments

USD on March 6. The “unstoppable” euro. Coronavirus Continues to Cause the Markets to Panic

On March 5, the EUR/USD pair gained about 100 base points and continues to build an upward wave as part of a new upward trend section. Presumably, wave 1. The current wave layout is complicated, as wave 1 becomes too extended.

by Jeff Wecker

Forex Analysis

March 5, 20200Comments

Analysis of EUR/USD and GBP/USD on March 5. Coronavirus Holds Back the Growth of the US Currency

On March 4, the EUR/USD pair lost about 35 basis points and, thus, presumably, proceeded to build a bearish wave 2 as part of the upward trend section, which, most likely, will also take a three-wave form. If this assumption is correct, then the instrument can begin to decline with targets located near the level of 76.4% Fibonacci.

by Jeff Wecker

Forex Analysis

March 4, 20200Comments

Analysis of EUR/USD and GBP/USD on March 4. Euro and Pound Received Moderate Support from Fed’s Decision to Cut Rates

On March 3, the EUR/USD pair added 40 more basis points and, therefore, continued to build wave 1 as part of a new upward trend section. Yesterday, another unsuccessful attempt was made to break through the 127.2% Fibonacci level, so the probability that wave 1 is completed increases.

by Jeff Wecker

Forex Analysis

March 3, 20200Comments

Analysis of EUR/USD and GBP/USD on March 3. The Euro Began to Decline Without Waiting for Inflation to exit. Markets are Waiting for the Results of the G7 Meeting

On March 2, the EUR / USD pair added another 110 basis points and, therefore, continued to build the rising wave 1 as part of a new trend section. The unsuccessful attempt to break through the 127.2% Fibonacci level suggests the readiness of the euro / dollar instrument to build a bearish correctional wave 2.

by Jeff Wecker

Forex Analysis

March 2, 20200Comments

Analysis of EUR/USD and GBP/USD on March 2. The Euro and the Pound React Differently to Events in the World

On February 28, the EUR/USD pair added only 25 basis points, although the trading amplitude during the day was much stronger. Nevertheless, even this movement was enough to confirm the continuation of the upward wave, presumably 1 new upward trend.

by Jeff Wecker

« Older Articles Newer Articles »