August 4, 20200Comments

USD on July 4. Donald Trump: Coronavirus Cases

On August 3, the euro/dollar pair lost around 20 basis points. Judging by a pullback from the reached highs, it is highly possible that the pair finished the formation of waves 4, 5, C, B. If it is true, the quote may continue rising within waves 4, 5, C, B.

by Jeff Wecker

Forex Analysis

August 3, 20200Comments

Analysis of EUR/USD and GBP/USD for August 3. Trump Tried to Suggest Postponing the Election Because of the Coronavirus, However, it’s Impossible Because of the Democrats Controlling Congress

On July 31, the EUR/USD pair lost about 70 basis points and presumably completed the construction of wave 3, 5, C, B. If this is true, then the decline in quotes will continue within the wave 4, 5, C, B, however, it is unlikely for long.

by Jeff Wecker

Forex Analysis

July 31, 20200Comments

Analysis of EUR/USD and GBP/USD for July 31. New Rise in COVID-19 Cases in the US; Donald Trump Proposes to Postpone Elections

On July 30, the EUR/USD pair gained about 60 pips and thus, continues to build the supposed wave 3 in 5 in C in B, which takes on a very complex and extended form.

by Jeff Wecker

Forex Analysis

July 30, 20200Comments

Analysis of EUR/USD and GBP/USD for July 30. Markets Ignored the Speech of Jerome Powell and are Waiting for the Report on US GDP for the Second Quarter

On July 29, the EUR/USD pair gained about 70 pips and thus, continues to build an assumed wave 3 in 5 in C in B with targets located near the 261.8% Fibonacci level.

by Jeff Wecker

Forex Analysis

July 29, 20200Comments

Analysis of EUR/USD and GBP/USD for July 29. Fed Considers its Main Task to Contain the Spread of COVID-2019

On July 28, the EUR/USD pair lost about 40 pips, but such small losses did not affect the current wave markup in any way. Thus, now there is no reason to assume even the completion of the construction of the wave 3 in 5 in C in B.

by Jeff Wecker

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