April 29, 20200Comments

USD for April 29. US GDP Report May Further Reduce Demand for US Currency

On April 28, the EUR/USD pair lost only a few basis points. Thus, a small change had no impact on the current wave counting, involving the construction of a new upward wave 3 in C.

by Jeff Wecker

Forex Analysis

April 28, 20200Comments

Analysis of EUR/USD and GBP/USD for April 28. Texas Will End Quarantine on May 1; US Dollar Loses Demand Ahead of GDP Data and Fed Meeting.

On April 27, the EUR/USD pair gained about 10 basis points. Thus, it managed to move away from the previously reached lows and, presumably, complete the construction of wave C and 2. If this is true, then the growth of quotes will continue from current levels in the direction 11th figure, near which the minimum targets of wave C are located.

by Jeff Wecker

Forex Analysis

April 27, 20200Comments

EUR / USD and GBP / USD analysis for April 27, 2020. Markets Expect First-Quarter GDP in America and Signal Future Fed Action

On April 24, Friday, the EUR / USD pair gained about 40 base points and attempted to complete the construction of the alleged wave 2, which took a 3-wave form. If this assumption is correct, then from the current positions the tool will resume the construction of the ascending wave C, the minimum targets of which are located around 11 figures.

by Jeff Wecker

Forex Analysis

April 24, 20200Comments

EUR/USD and GBP/USD analysis on April 24. Demand for USD Falling in Late Friday Ahead of Durable Goods Orders Report

On April 23, the EUR/USD pair lost about 50 basis points. Today, it continues to form the complex wave 2 which later takes the form of three waves. If this assumption is correct, the quotes are expected to rise in the near future with the target at 11th figure within the wave 3.

by Jeff Wecker

Forex Analysis

April 23, 20200Comments

Analysis of EUR/USD and GBP/USD for April 23. All Focus on US Unemployment and the “Whole World-China” Confrontation in the Case of Coronavirus

On April 22, the EUR/USD pair lost about 40 basis points and continues to build the complicated wave 2 at the moment. If this assumption is correct, then the increase in quotes will begin in the near future with goals located around the 11th figures.

by Jeff Wecker

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