March 23, 20200Comments

USD for March 23. Coronavirus Spreading in the US Could Weaken Demand for the Dollar

On March 20, the EUR / USD pair gained about 30 base points, although it reached the level of 1.0830 during the day. Nevertheless, Friday ended near the level of 1.0700, and trading on Monday is around it. At the moment, wave marking does not look that difficult, but ambiguous.

by Jeff Wecker

Forex Analysis

March 20, 20200Comments

Analysis of EUR/USD and GBP/USD for March 20. Did the Global Central Banks Manage to Calm the Markets? Does the Panic go Away?

On March 19, the EUR / USD pair lost another 250 basis points. Therefore, it continued to build a bearish wave, since the quotes of the instrument went beyond the minimum of the first wave of the proposed new trend section.

by Jeff Wecker

Forex Analysis

March 19, 20200Comments

Analysis of EUR/USD and GBP/USD for March 19. European Central Bank’s New QE Program Aims to Save the Euro and the EU Economy

On March 18, the EUR / USD pair lost another 95 basis points and, thus, continued to build a bearish wave, presumably 2. At the end of the trading day, there was a rollback to the top, which initially could be interpreted as the completion of wave 2.

by Jeff Wecker

Forex Analysis

March 18, 20200Comments

Analysis of EUR/USD and GBP/USD for March 18. Donald Trump Offers to Hand out $ 1,000 Checks to Everyone to Support the Economy

On March 17, the EUR / USD pair lost 170 basis points and thus, continued to build a bearish wave, supposedly 2. If this assumption is true, then the entire trend section, starting on February 20, can be significantly more complicated.

by Jeff Wecker

Forex Analysis

March 17, 20200Comments

Analysis of EUR/USD and GBP/USD for March 17. Panic Does Not Leave the Markets. China “Adds Fuel to the Fire” With its Statistics

On March 16, the EUR/USD pair gained 65 basis points after an unsuccessful attempt to break the 61.8% Fibonacci level. Thus, there is more and more reason to complete the construction of wave 2. If this is true, then the increase in the quotes of the instrument will continue with the goals located near the 15th figure and higher.

by Jeff Wecker

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