Forex Analysis


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GBP/USD hits new 2020 low amid Brexit rhetoric, coronavirus headlines

GBP/USD has dipped below 1.2850, hitting a new 2020 low as concerns about a no-trade-deal Brexit are weighing on the pound. Coronavirus-linked USD weakness is minimal in this pair.

GBP/USD News

USD/JPY drops below 108.50 for the first time since early February

The USD/JPY pair extended its daily slide during the early trading hours of the American session and touched its lowest level since February 3rd at 108.46. As of writing, the pair was trading at 108.50, erasing 1% on a daily basis.

USD/JPY News

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EURUSD FORECAST CHART

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"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public, are considered a sentiment indicator."

"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"

"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."