The bullish scenario is still possible, although a rule has been violated for Wave 4, which should not fall below the peak of Wave 1. This sometimes happens - for non-standard reasons. Now this reason is panic due to coronavirus. In the bullish scenario, the failed Wave 5 is most likely to form (when the peak of Wave 5 is below the peak of Wave 3).
The bearish...
The US dollar is showing steady growth in relation to most world currencies. The main reason for this is a 40 percent drop in oil prices. The entire market is now very volatile. If we take into account the situation in Ukraine, the active growth of the dollar against the hryvnia is quite explainable. Since 2014, military operations have been ongoing in the east of...
On the daily chart we can see that price is in a inverse head and shoulder pattern and we are heading to resistance ( the neckline of the pattern).
If we can break the neckline we can see a big move up.
Im prefer to buy in 23.22 because I guest this pattern is making and after we can see this pattern near the complete
this my idea in long term
and if you bought in 23.22 now till 27.00 you can get 16 percent profit Wait For It....
Long term analysis on US dollar - Ukrainian hryvnia currency pier - now trading at 24.973. Fundamentaly US dollar is weak, but most of major currencies are decreasing do to Coronavirus Crisis, so there is kind of a balance on Foreign exchange market. So the pattern Head and Shoulders looks perfect, which is a signal to buy USD against AUH, but we need to follow...
Hryvnia is forming an inverse head and shoulders and is heading to the neckline at 25, where there is a lot of resistance. But a break above 25 will send the price to the inverse H&S target at 26.7. This will be around October which will be reasonable because the Hryvnia historically weakens in winter.
Price is above the cloud for the first time since 2018, which...
I live in Ukraine and look at the chart regularly, I have decided to share my thoughts on USD/UAH pair
Fundamental Analysis
Ukraine's economy keep on shrinking and our country must pay USD debts to IMF and so on. My country will lose gas transit money, as soon as south stream and nord stream are fully launched and that's a big hit to our economy.
Recently UAH had...
USDUAH -either the economy improves in Ukraine and the dollar falls
or the second option from this level is a new growth cycle;
In Ukraine, changes in monetary circulation, which will take place in the near future.
There will be a new banknote 1000UAH
1,2,5 kopecks will be gone from use already tomorrow
The National Bank of Ukraine lowered its benchmark interest rate by 50 bps to 17 percent on July 18th of 2019, surprising markets who expected a 25bps reduction. It was the second rate cut this year, bringing borrowing costs to its lowest since June of 2018 and in line with reaching inflation target of 5%. Now price is 25.40 against USD. pattern wedge, which...
