August 18, 20200Comments

Analysis of GBP / USD for August 18, 2020

The wave structure of the upward trend section, which began on March 20, has taken the form of a triple zigzag and looks quite convincing. The last wave Z may complicate its internal structure, however, until a successful attempt to break through the 0.0% Fibonacci level,

by Jeff Wecker

Forex Analysis

August 18, 20200Comments

Analysis of EUR / USD for August 18, 2020

In general sense, the wave counting of the EUR / USD instrument looks complete. However, an upward trend that begins on March 20 can easily transform into a five-wave.

by Jeff Wecker

Forex Analysis

August 17, 20200Comments

Analysis of GBP/USD on August 17. Wave Markup Looks “Like a Textbook”, However, the News Background from America can Spoil Everything

The wave structure of the upward section of the trend, which originates on March 20, looks fully completed and took the form of a triple zigzag. The last wave Z may complicate its internal structure, but before a successful attempt to break through the 0.0% Fibonacci level, I would not recommend considering this option as a working one.

by Jeff Wecker

Forex Analysis

August 14, 20200Comments

Wave analysis for EUR/USD on August 14. A Decline to 1.1635 is Almost Guaranteed. Today’s US Reports can Help Markets Implement Wave Counting

Globally, the EUR/USD continues to build an upward trend. However, it is unclear whether there will be a complication of the upward part of the trend, which began on March 20. At the moment, it looks as if the upward trend is over, but it can easily transform into a five-wave.

by Jeff Wecker

Forex Analysis

August 13, 20200Comments

Wave analysis of GBP/USD on August 13. Pound Does Not Show any More Signs of Desire to Rise. Markets do not See the Mess in the US as a Reason to Sell USD Again

The wave structure of the upward trend section, which started on March 20, looks quite complete and has taken the form of a triple zigzag. The last wave Z may complicate its internal structure, however, I would not recommend considering this option as a working one, until a successful attempt to break through the 0.0% Fibonacci level.

by Jeff Wecker

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