March 18, 20200Comments

USD for March 18. Donald Trump Offers to Hand out $ 1,000 Checks to Everyone to Support the Economy

On March 17, the EUR / USD pair lost 170 basis points and thus, continued to build a bearish wave, supposedly 2. If this assumption is true, then the entire trend section, starting on February 20, can be significantly more complicated.

by Jeff Wecker

Forex Analysis

March 17, 20200Comments

Analysis of EUR/USD and GBP/USD for March 17. Panic Does Not Leave the Markets. China “Adds Fuel to the Fire” With its Statistics

On March 16, the EUR/USD pair gained 65 basis points after an unsuccessful attempt to break the 61.8% Fibonacci level. Thus, there is more and more reason to complete the construction of wave 2. If this is true, then the increase in the quotes of the instrument will continue with the goals located near the 15th figure and higher.

by Jeff Wecker

Forex Analysis

March 16, 20200Comments

Analysis of EUR/USD and GBP/USD for March 16. Jerome Powell has Finally Complied with Donald Trump’s Demand

On March 13, the EUR / USD pair lost another 65 basis points and completed the second attempt to break through the Fibonacci level of 61.8%. Since the attempt was unsuccessful, new reasons appeared to suggest the completion of the construction of the alleged wave 2 or b as part of a new upward trend section.

by Jeff Wecker

Forex Analysis

March 13, 20200Comments

Analysis of EUR/USD and GBP/USD for March 13. The US Dollar Regains its Status as a Leader in the Currency Market After a Two-Week Shock.

On March 12, the EUR / USD pair lost only 90 basis points. "Just" because the total amplitude of the instrument was almost 300 points over the past day. The instrument declined to the 61.8% Fibonacci level, made an unsuccessful break down attempt and now shows signs of readiness to build a new upward wave.

by Jeff Wecker

Forex Analysis

March 12, 20200Comments

Analysis of EUR/USD and GBP/USD for March 12. The ECB Expanded its Stimulus Package, But Left Rates Unchanged

On March 11, the EUR/USD pair lost about 30 more base points, and during today – another 100. Thus, based on the wave analysis, the instrument moved to the construction of a descending wave 2 as part of the upward trend section.

by Jeff Wecker

« Older Articles Newer Articles »