January 5, 20210Comments

Forex Analysis & Reviews: GBP/USD: plan for the European session on January 5. COT reports (analysis of yesterday’s deals). Pound collapsed after introduction of a third national lockdown in England due to coronavirus

The British pound collapsed following the announcement of a third lockdown in the UK due to the coronavirus pandemic, which will come into effect on Tuesday.

by Jeff Wecker

Forex Analysis

January 5, 20210Comments

Forex Analysis & Reviews: EUR/USD: plan for the European session on January 5. COT reports (analysis of yesterday’s deals). Euro buyers do not have enough strength to overcome last year’s high

Several rather interesting signals to enter the market appeared yesterday. Let's take a look at the 5-minute chart and break it down. The bulls took the 1.2267 level in the first half of the day after the release of reports on manufacturing activity in the eurozone countries were released.

by Jeff Wecker

Forex Analysis

January 4, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on January 4

Demand for risky assets is expected to decrease sharply, especially since economic performances of EU countries are weak in the 4th quarter of 2020. In that regard, many expect the US dollar to more actively trade in the market, as compared to the euro and other world currencies.

by Jeff Wecker

Forex Analysis

December 30, 20200Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the GBP/USD pair on December 30

Two signals emerged in the pound yesterday. However, they turned out not as profitable as expected. First, since the MACD line moved below zero, short positions build up at 1.3470, but the downward movement did not take place.

by Jeff Wecker

Forex Analysis

December 30, 20200Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD pair on December 30

Three buy signals emerged in the market yesterday. The first one is at 1.2250, which appeared after the MACD line moved upwards in the chart, indicating the weak recovery prospects for EUR / USD.

by Jeff Wecker

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