May 5, 20200Comments

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

Forex Analysis

May 4, 20200Comments

Analysis of EUR/USD and GBP/USD for May 4. Investigation of a Virus Leak in China May Lead to a New Conflict With America

On May 1, the EUR/USD pair gained about 25 bps and thus continued to build the expected wave 3 in C. If this assumption is correct, then the increase in quotes will resume with the goals located above the 11 figure within the wave C.

by Jeff Wecker

Forex Analysis

May 1, 20200Comments

Analysis of EUR/USD and GBP/USD for May 1. Both Economies of US and EU are Slowing Simultaneously, but the Euro and Pound are Getting More Expensive, Not the Dollar

On April 30, the EUR/USD pair gained about 75 basis points and, thus, continued building the expected wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will continue with targets located about the 11th figure.

by Jeff Wecker

Forex Analysis

April 30, 20200Comments

Analysis of EUR / USD and GBP / USD for April 30, 2020

The EUR / USD pair gained about 50 basis points yesterday and, thus, continues to build a prospective wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will continue with targets located near 11 of the figure.

by Jeff Wecker

Forex Analysis

April 29, 20200Comments

Analysis of EUR/USD and GBP/USD for April 29. US GDP Report May Further Reduce Demand for US Currency

On April 28, the EUR/USD pair lost only a few basis points. Thus, a small change had no impact on the current wave counting, involving the construction of a new upward wave 3 in C.

by Jeff Wecker

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