January 7, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for GBP/USD on January 7. COT report. Analysis of Wednesday. Recommendations for Thursday

The higher linear regression channel turned to the upside on the 15-minute timeframe, while the lower one turned downward. And so, a new downward trend has started in the short term, but it may be extremely short-lived. By and large, the price continues to revolve around the critical line and around 2.5 year highs.

by Jeff Wecker

Forex Analysis

January 7, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for EUR/USD on January 7. COT report. Analysis of Wednesday. Recommendations for Thursday

Both linear regression channels are directed to the upside on the 15-minute timeframe, but this does not provide any clarity. As we mentioned above, the price ignores strong lines and generates false signals, therefore trading at this time is associated with increased risks.

by Jeff Wecker

Forex Analysis

January 6, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for GBP/USD on January 6. COT report. Analysis of Tuesday. Recommendations for Wednesday

The higher linear regression channel reversed to the downside on the 15-minute timeframe, and the lower one - upward. Thus, a new upward trend has started in the short term, but it can also be very short-lived. Everything will depend on the ability or inability of traders to overcome the 1.3606-1.3626 area.

by Jeff Wecker

Forex Analysis

January 6, 20210Comments

Forex Analysis & Reviews: Forecast and trading signals for EUR/USD on January 6. COT report. Analysis of Tuesday. Recommendations for Wednesday

Both linear regression channels are directed to the upside with a slight bias on the 15-minute timeframe. Thus, the upward trend continues even on the smallest timeframe. Nevertheless, it will not continue to rise until the quote surpasses the 1.2395-1.2310 area.

by Jeff Wecker

Forex Analysis

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

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