March 16, 20200Comments

USD for March 16. Jerome Powell has Finally Complied with Donald Trump’s Demand

On March 13, the EUR / USD pair lost another 65 basis points and completed the second attempt to break through the Fibonacci level of 61.8%. Since the attempt was unsuccessful, new reasons appeared to suggest the completion of the construction of the alleged wave 2 or b as part of a new upward trend section.

by Jeff Wecker

Forex Analysis

March 13, 20200Comments

Analysis of EUR/USD and GBP/USD for March 13. The US Dollar Regains its Status as a Leader in the Currency Market After a Two-Week Shock.

On March 12, the EUR / USD pair lost only 90 basis points. "Just" because the total amplitude of the instrument was almost 300 points over the past day. The instrument declined to the 61.8% Fibonacci level, made an unsuccessful break down attempt and now shows signs of readiness to build a new upward wave.

by Jeff Wecker

Forex Analysis

March 12, 20200Comments

Analysis of EUR/USD and GBP/USD for March 12. The ECB Expanded its Stimulus Package, But Left Rates Unchanged

On March 11, the EUR/USD pair lost about 30 more base points, and during today – another 100. Thus, based on the wave analysis, the instrument moved to the construction of a descending wave 2 as part of the upward trend section.

by Jeff Wecker

Forex Analysis

March 11, 20200Comments

Analysis of EUR/USD and GBP/USD for March 11. Bank of England Lowers Key Rate to 0.25%

On March 10, the EUR / USD pair lost about 160 basis points. Thus, there are more and more reasons to assume the completion of the construction of the upward wave 1 and the transition of the instrument to the construction of the correctional wave 2.

by Jeff Wecker

Forex Analysis

March 10, 20200Comments

Analysis for EUR/USD and GBP/USD for March 10. Trump Intends to Lower Taxes to Mitigate the Negative Impact of the Coronavirus

On March 9, the EUR/USD pair skyrocketed by 170 pips taking into account an early gap. This surge is a vivid example of what is going on in the market. Usually, the euro trades in a daily range of 40-60 pips. However, at the moment, the price movement reaches 100 pips on a daily basis.

by Jeff Wecker

« Older Articles Newer Articles »