February 17, 20210Comments

USD pairs on February 17

Two signals appeared in the market yesterday. The first one is to buy at 1.2149, which led to an increase of around 17 pips. But after that, the euro moved downwards, thereby forming a sell signal at 1.2125. And although the MACD line, at that time, was also in the negative zone, the decline was only 25 pips.

by Jeff Wecker

Forex Analysis

February 16, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 16

Trading volatility was rather low on Monday, so as a result, none of the support and resistance levels were tested by buyers or sellers. But today, there is a possibility that EUR / USD will trade upwards, however, it will be subjected to certain conditions.

by Jeff Wecker

Forex Analysis

February 15, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 15

A sell signal appeared in the market last Friday, however, it did not lead to a huge drop in EUR / USD even though the MACD line, at that time, was in the sell zone. To add to that, the position of the dollar weakened amid not-so-good data on the US economy, so the euro only dropped by 15 pips. There were no other signals for the rest of the day.

by Jeff Wecker

Forex Analysis

February 12, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 12

EUR / USD traded upwards in the morning, as a result of which it hit a new weekly high in the market. Such formed a buy signal in the euro, however, the location of the MACD line limited the upward potential of the pair. There were no other signals for the rest of the day.

by Jeff Wecker

Forex Analysis

February 11, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 11

A buy signal appeared in EUR / USD yesterday. However, it had to be ignored since during that time, the MACD line has long been in the overbought zone. No other signals emerged in the market. Low volatility also did not allow bears to turn the market over to their side.

by Jeff Wecker

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