Current trend Today, the instrument has slightly strengthened against the background of the growth of the Australian index of leading economic indicators. On Tuesday, the minutes of the last meeting of the Reserve Bank of Australia were published; according to them, the country's economy continues to grow even faster than expected. RBA's head, Philip Lowe,...
The pair can decrease. On the daily chart, the downward correction of the higher level develops as a wave 2, which takes a flat shape. Now the wave b of 2 is ending, within which the wave of the lower level (c) of b is ending. If the assumption is correct, the pair will fall to the level of 1.2887. In this scenario, critical stop loss level is 1.3390. Main...
The pair can decrease. On the 4-hour chart, the local correction of the higher level develops as a wave 2 of (C). Now the wave c of 2 is forming, within which the wave of the lower level (i) of c has formed, and the correction (ii) of c is developing. If the assumption is correct, after the end of the correction the pair will fall to the level of 111.35. In this...
Current trend Yesterday, the NZD/USD pair fell due to US-China disagreements. During the last APEC summit in Papua New Guinea, Mike Pence said that the US could double the duties on Chinese goods and would not change course until China changes its ways. Chinese President Xi Jinping replied that protectionism in the modern world is short-sighted and doomed to...
The pair may grow. On the 4-hour chart, the correction of the higher level develops as a wave B of 2, taking a shape of flat. Now the wave c of B is developing, within which the local correction (ii) of c has ended, and the formation of the wave (iii) of c has begun. If the assumption is correct, the pair will grow to the level of 1.3305. In this scenario,...
The pair may grow. On the 4-hour chart, the downward correction of the higher level develops as a wave (2), within which the wave C of (2) forms. Now the first wave of the lower level i of C has formed, and the upward correction is developing as a second wave ii of C, within which the wave (a) of ii is forming as a momentum. If the assumption is correct, the pair...
XAG/USD, D1 On the daily chart, the instrument was corrected to the middle line of Bollinger bands. MACD histogram is in the negative region, the signal line crosses the zero line and the body of the histogram downwards, forming a signal for opening short positions. XAG/USD, H4 On the 4-hour chart, the instrument grows along the upper border of Bollinger bands,...
The pair may decrease. On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the upward correction of the lower level has developed as a wave B of (2), and the formation of the wave C of (2) is beginning. If the assumption is correct, the pair will fall to the levels of 0.9859–0.9724. In this scenario, critical stop loss...
The pair may grow. On the 4-hour chart, the downward momentum developed as a first wave of the higher level 1 of (5). Now the development of the upward correction as a wave 2 of (5) has begun, within which the wave a of 2 is developing. If the assumption is correct, the pair will grow to the levels of 0.7450–0.7587. In this scenario, critical stop loss level is...
USD/CHF, D1 On the daily chart, the instrument is trading at the top of the Bollinger Bands. The indicator is directed upwards, and the price range remains unchanged, which is the basis for further strengthening of the pair. The MACD histogram is in the positive zone, keeping a buy signal. USD/CHF, H4 On the 4-hour chart, a correction of downward trend is...
The pair may grow. On the 4-hour chart, the downward correction of the higher level developed as a wave 2, and the formation of the third wave 3 began. Now the first wave of the lower level i of 3 is developing, within which the wave (iii) of I is forming. If the assumption is correct, the pair will grow to the level of 1.3390. In this scenario, critical stop...
The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the fifth wave of the lower level (v) of i of 3 is forming, within which the local correction iv of (v) has ended. If the assumption is correct, the pair will grow to the level of 115.00. In this scenario, critical stop loss level is 113.06. Main scenario Long...
Current trend The USD/CHF pair traded in both directions on Wednesday and closed the session with almost zero result. Investors were focused on the publication of the October statistics on consumer inflation in US, and also awaited the speech of Fed Chairman Jerome Powell, who reaffirmed the gradual tightening of monetary policy. European investors tracked the...
The pair may grow. On the 4-hour chart, the correction of the higher level develops as a wave B of 2, which takes a shape of a flat. Now the wave c of B is developing, within which the local correction (ii) of c has ended, and the formation of the wave (iii) of c has begun. If the assumption is correct, the pair will grow to the levels of 1.3305–1.3510. In this...
The pair may grow within the correction. On the 4-hour chart, the downward correction of the higher level develops as a wave (2), within which the wave C of (2) forms. Now the first wave of the lower level i of C has formed. If the assumption is correct, the pair will grow to the levels of 1.1511–1.1586. In this scenario, critical stop loss level is 1.1213. Main...
Current trend The USD/JPY pair has been moving sideways over the past few days. On Tuesday, Japanese Prime Minister Shinzo Abe’s talks with US Deputy Prime Minister Michael Pence were in the spotlight of Japanese investors. During a meeting with journalists, Pence noted that American goods and services still encounter many obstacles in the Japanese market, and...
The pair may decrease. On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the upward correction of the lower level has developed as a wave B of (2), and the formation of the wave C of (2) is beginning. If the assumption is correct, the pair will fall to the levels of 0.9859–0.9724. In this scenario, critical stop loss...
The pair may decrease. On the 4-hour chart, an upward correction developed as a wave of the higher level iv of 1 of (5). Now a small entry momentum has formed as a wave i of (i) of v. If the assumption is correct, the pair will fall to the levels of 0.7020–0.6950. In this scenario, critical stop loss level is 0.7303. Main scenario Short positions will become...