February 10, 20210Comments

USD pairs on February 10

EUR / USD rose after good economic reports from Germany. According to the data, German exports rose by 0.1%, while imports fell by around the same percentage. Trade surplus, meanwhile, remained virtually unchanged and to € 16 billion euros. All this led to a 30-pip increase in EUR / USD, but immediately after that, the upward movement slowed again.

by Jeff Wecker

Forex Analysis

February 9, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 9

Quite a lot of signals appeared in the market yesterday, however, some of them had to be ignored in order to not lose any profit. The first signal was to buy at 1.2045, but even though the MACD line, during that time, has moved up from zero, a strong bullish movement still did not take place.

by Jeff Wecker

Forex Analysis

February 8, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 8

The closing of long positions in USD led to a sharp rise in the euro. In fact, a buy signal was formed at 1.1975, and it turned out profitable since the MACD line at that time was in the positive zone.

by Jeff Wecker

Forex Analysis

February 5, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 5

EUR / USD declined amid disappointing data on EU retail sales. And as a result of this, a sell signal appeared at 1.2011. However, it had to be ignored since the MACD line, during that time, had been in the oversold area for a long time already. There were no other signals to enter the market for the rest of the day.

by Jeff Wecker

Forex Analysis

February 4, 20210Comments

Forex Analysis & Reviews: Recommendations for opening and closing positions. Outlook for EUR/USD and GBP/USD on February 4.

Analysis of trades Data on the eurozone services sector was well below the forecast. This resulted in good entry points for bears at the level of 1.2026. Earlier, I recommended traders to sell the euro after it broke the mentioned level. On the chart, we can see that at that moment, the MACD indicator was at the beginning of the negative level.

by Jeff Wecker

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