March 11, 20200Comments

USD for March 11. Bank of England Lowers Key Rate to 0.25%

On March 10, the EUR / USD pair lost about 160 basis points. Thus, there are more and more reasons to assume the completion of the construction of the upward wave 1 and the transition of the instrument to the construction of the correctional wave 2.

by Jeff Wecker

Forex Analysis

March 10, 20200Comments

Analysis for EUR/USD and GBP/USD for March 10. Trump Intends to Lower Taxes to Mitigate the Negative Impact of the Coronavirus

On March 9, the EUR/USD pair skyrocketed by 170 pips taking into account an early gap. This surge is a vivid example of what is going on in the market. Usually, the euro trades in a daily range of 40-60 pips. However, at the moment, the price movement reaches 100 pips on a daily basis.

by Jeff Wecker

Forex Analysis

March 9, 20200Comments

Analysis of EUR/USD and GBP/USD for March 9. Coronavirus Shocked Currency Stocks and Commodity Markets

On March 6, the EUR/USD pair gained just 40 base points. However, Monday opened with a gap of another 70 points up and during the first day of the week, the euro has already managed to gain about 70 points. Thus, the uncontrolled increase in the euro-dollar instrument continues, and now, it is very difficult to imagine when it will end and what can stop it.

by Jeff Wecker

Forex Analysis

March 6, 20200Comments

Analysis of EUR/USD and GBP/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

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