April 13, 20200Comments

USD for April 13. US Inflation Shows Depressing Values Following Unemployment and Labor Market Levels

On April 10, the EUR/USD pair literally gained several basis points and thus, continued to build the expected wave 3 in C of a new upward trend section. On Monday morning, market activity increased and the instrument added another 25 basis points despite the celebration of Catholic Easter.

by Jeff Wecker

Forex Analysis

April 10, 20200Comments

Analysis of EUR/USD and GBP/USD for April 10. US Unemployment Rate is Massively Increasing, Next Up is the Inflation Report.

On April 9, the EUR/USD pair gained about 70 baise points, and thus continued to build the alleged wave 3 in C of a new upward trend section, starting on March 20.

by Jeff Wecker

Forex Analysis

April 9, 20200Comments

Analysis of EUR/USD and GBP/USD for April 9, 2020. Wave 3 can Send the Euro Above the Mark of 11. Fed Minutes Give no Signals.

On April 8, the EUR/USD pair lost about 35 base points but remained within the framework of the predicted wave 3 in C of the new uptrend which was formed on March 20. If scenario is right, then the quotes may continue to rise above the level of 11.

by Jeff Wecker

Forex Analysis

April 8, 20200Comments

Analysis of EUR/USD and GBP/USD for April 8. Minutes of the Fed Meeting; US Number of Cases is Not Declining.

On April 7, the EUR / USD pair gained about 100 basis points and thus began, presumably, building an upward wave 3 in C. If this is true, then the increase in the instrument will resume with targets above the 11th figure after a small departure of quotes from the reached highs.

by Jeff Wecker

Forex Analysis

April 7, 20200Comments

Analysis of EUR/USD and GBP/USD for April 7. The First Successes Against Coronavirus; Boris Johnson’s Hospitalization

On April 6, the EUR/USD pair lost about 20 basis points, and thus, continued to build a prospective wave 2 as part of the future C. The instrument is still preparing to complete the construction of wave 2 and the transition to building wave 3.

by Jeff Wecker

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