January 6, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for GBP/USD on January 6. COT report. Analysis of Tuesday. Recommendations for Wednesday

The higher linear regression channel reversed to the downside on the 15-minute timeframe, and the lower one - upward. Thus, a new upward trend has started in the short term, but it can also be very short-lived. Everything will depend on the ability or inability of traders to overcome the 1.3606-1.3626 area.

by Jeff Wecker

Forex Analysis

January 6, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for EUR/USD on January 6. COT report. Analysis of Tuesday. Recommendations for Wednesday

Both linear regression channels are directed to the upside with a slight bias on the 15-minute timeframe. Thus, the upward trend continues even on the smallest timeframe. Nevertheless, it will not continue to rise until the quote surpasses the 1.2395-1.2310 area.

by Jeff Wecker

Forex Analysis

January 5, 20210Comments

Forex Analysis & Reviews: GBP/USD: plan for the European session on January 5. COT reports (analysis of yesterday’s deals). Pound collapsed after introduction of a third national lockdown in England due to coronavirus

The British pound collapsed following the announcement of a third lockdown in the UK due to the coronavirus pandemic, which will come into effect on Tuesday.

by Jeff Wecker

Forex Analysis

January 5, 20210Comments

Forex Analysis & Reviews: EUR/USD: plan for the European session on January 5. COT reports (analysis of yesterday’s deals). Euro buyers do not have enough strength to overcome last year’s high

Several rather interesting signals to enter the market appeared yesterday. Let's take a look at the 5-minute chart and break it down. The bulls took the 1.2267 level in the first half of the day after the release of reports on manufacturing activity in the eurozone countries were released.

by Jeff Wecker

Forex Analysis

January 4, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on January 4

Demand for risky assets is expected to decrease sharply, especially since economic performances of EU countries are weak in the 4th quarter of 2020. In that regard, many expect the US dollar to more actively trade in the market, as compared to the euro and other world currencies.

by Jeff Wecker

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