January 22, 20200Comments

USD for January 22. Donald Trump threatens the EU with a trade war

On January 21, the EUR / USD pair lost about 15 basis points and made an unsuccessful attempt to break through the 38.2% Fibonacci level. Thus, the instrument remained within the framework of constructing the proposed wave Y as part of the downward trend section, which currently assumes a 3-waveform.

by Jeff Wecker

Forex Analysis

January 21, 20200Comments

Analysis of EUR/USD and GBP/USD for January 21. A meaningless case for Donald Trump’s impeachment begins in America

On January 20, the EUR / USD pair gained several basis points, however, such a small increase in the instrument did not in any way affect the current wave marking. Thus, the euro / dollar instrument remains in the framework of creating a downward 3-wave structure, in the wake of the Y.

by Jeff Wecker

Forex Analysis

January 20, 20200Comments

Analysis of EUR/USD and GBP/USD for January 20. Inflation in the eurozone does not allow the euro to “breathe”

On January 17, the EUR/USD pair lost about 45 basis points and thus continues to build a new downward wave, which is identified in the current complex wave markup as Y. The current set of waves is likely to consist of 3 down waves. Recently, the euro-dollar instrument has been moving mainly in three-wave structures. If this is true, then the decline in quotes will continue with targets located near 61.8% and 76.4% of Fibonacci.

by Jeff Wecker

Forex Analysis

January 17, 20200Comments

Analysis of EUR/USD and GBP/USD for January 17. Pound ignores statistics, while euro is afraid of inflation

On January 16, the EUR / USD pair lost about 10 basis points and already began to move away from the highs reached this time. The wave markings have not changed much over the past few days, given the very weak activity of the market.

by Jeff Wecker

Forex Analysis

January 16, 20200Comments

Analysis of EUR/USD and GBP/USD for January 16. Eurozone’s economic reports continue to disappoint

On January 15, the EUR / USD pair gained about 20 basis points and continued to move away from previously reached lows after an unsuccessful attempt to break through the 50.0% Fibonacci level. At the same time, the alleged wave y still does not seem to be fully equipped. If this is true, then the decrease in quotes will resume with targets located near the 10th figure since I do not see any prerequisites for the resumption of the upward trend section.

by Jeff Wecker

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