September 1, 20200Comments

Analysis of the GBP/USD pair on September 1. Pound continues to rise amid sharp decline on dollar demand in the market

The wave pattern of the upward trend is actually completed already, but the recent situation in the market, that is, high demand for pound and weak demand for dollar, has led to a more complicated wave structure in the chart.

by Jeff Wecker

Forex Analysis

September 1, 20200Comments

Analysis of the EUR/USD pair on September 1. Falling US Treasury yields decreases demand for dollar

The wave pattern in the EUR / USD pair remains unchanged, but if we look closely at the upper part of the structure, we will see that movement continues to build up, thereby making the pattern more complicated, especially amid decreasing dollar demand in the market.

by Jeff Wecker

Forex Analysis

August 31, 20200Comments

Analysis of GBP/USD on August 31

The wave structure of the upward trend took a quite finished appearance several times, however, the high demand for British and low for the dollar led to the fact that the upward trend again has become more complicated and took an even longer look.

by Jeff Wecker

Forex Analysis

August 31, 20200Comments

Analysis of the EUR/USD pair on August 31. Speech of Fed chairman Jerome Powell sparks another decline for the US dollar

The wave pattern in the EUR / USD pair remains unchanged, but if the quote successfully passes the current high of wave 3 or C, then the entire structure will have a new and even more complex form.

by Jeff Wecker

Forex Analysis

August 27, 20200Comments

Analysis of GBP/USD on August 27

The wave structure of the upward trend took a complete form. The assumed wave Z looks quite complete and has taken a 3-wave form. In turn, the wave C-Z took a full 5-wave form.

by Jeff Wecker

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