February 19, 20200Comments

USD for February 19. The US Federal Reserve Minutes and Inflation in Britain may Increase Demand for US currency

On February 18, the EUR / USD pair lost about 45 basis points and continues to build the proposed wave 3 or C, and inside of which, no correctional wave is visible. Quotes of the pair declined the day before to the level of 127.2% Fibonacci.

by Jeff Wecker

Forex Analysis

February 18, 20200Comments

Analysis of EUR/USD and GBP/USD on February 18. The Pound, Which Does not Want to Fall, and the Euro, Which Falls for Two

On February 17, the EUR/USD pair gained only a few base points, which did not affect the current wave markup, which assumes the construction of wave 3 or C of the downward trend. Thus, neither the internal correction wave in the composition of 3 or C nor the correction wave 4 begins their construction due to too weak demand for the euro.

by Jeff Wecker

Forex Analysis

February 17, 20200Comments

Analysis of EUR/USD and GBP/USD for February 17. GDP is Declining Again in the Eurozone and Germany

On February 14, the EUR / USD pair lost about 10 basis points and continued; thus, building supposed wave 3 or C. The entire wave 3 or C acquires a very simple and extended appearance at the same time. For example, it completely lacks internal correctional waves or they do not exceed 23% of the correction.

by Jeff Wecker

Forex Analysis

February 14, 20200Comments

Analysis of EUR/USD and GBP/USD for February 14. US Inflation Hit the Euro Currency Hard

On February 13, EUR / USD pair lost about 30 basis points and continued, thus building supposed wave 3 or C. I changed the last version of the current wave marking, since the prospective wave 1 in 3 or C is too extensive, and most of all, it's not just in the first wave 3 or C, and in fact, the whole wave 3 or C.

by Jeff Wecker

Forex Analysis

February 13, 20200Comments

Analysis of EUR/USD and GBP/USD for February 13. “Inflation Day.” Jerome Powell Fears the Effects of the Chinese Virus

On February 2, EUR / USD pair lost about 40 basis points and continued; thus, building supposed wave 1 in the next 3 or C. If the current wave marking is correct, then the whole wave 3 or C will turn out to be very extended if it takes the form of a 5-wave structure.

by Jeff Wecker

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