May 11, 20200Comments

USD for May 11. US Economy Will Reach its Bottom in June if There is No Second Qave of Coronavirus Due to the Lifting of the Quarantine

On May 8, the EUR/USD pair gained several basis points, and the wave pattern remained virtually unchanged. Thus, It is still believed that the alleged wave 2 in B in C has completed its construction.

by Jeff Wecker

Forex Analysis

May 8, 20200Comments

Analysis of EUR/USD and GBP/USD on May 8. Tension Between China and the US has Slightly Calmed Down; Markets Awaits US Statistics

On May 7, the EUR/USD pair gained about 40 basis points and presumably completed the construction of the expected wave 2 in C in B. If this assumption is correct, then the increase in prices will continue with the targets located about 11th figures and higher within the framework of the construction of the wave 3 in C in B.

by Jeff Wecker

Forex Analysis

May 7, 20200Comments

Analysis of EUR/USD and GBP/USD for May 7. What to Expect From Possible Trade War Between US and China

The news background for the EUR/USD pair on Wednesday consisted of several reports from Europe, a summary of forecasts from the European Commission and a relatively important ADP report on changes in the US employment.

by Jeff Wecker

Forex Analysis

May 6, 20200Comments

Analysis on EUR / USD and GBP / USD for May 6, 2020

On Tuesday, May 5, the EUR / USD pair lost about 75 bps and thus continued to build the expected wave 2 to C in B. If the current wave marking is correct, then the increase in the quotes of the instrument will resume with targets at about 11 figures in the near future.

by Jeff Wecker

Forex Analysis

May 5, 20200Comments

Analysis of EUR/USD and GBP/USD for May 5. Washington and Beijing May Begin a New Phase of Trade Conflict

On May 4, the EUR/USD pair lost about 65 basis points and, thus, began to build a new downward wave. It underwent certain changes since such a development of events did not fit into the previous wave marking. There is no pronounced trend at the moment, so I believe that the instrument is moving using three wave structures.

by Jeff Wecker

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