Current trend On Friday, the AUD/USD pair moved horizontally. September Australian Retail Sales release was poorer than market expectations. The indicator fell from 0.3% to 0.2% MoM and from 1.0% to 0.2% QoQ due to insufficient growth in incomes of Australian citizens and a decline in the country's real estate market. USD was supported by the release of positive...
The pair can fall. On the 4-hour chart, the downward correction of the higher level develops as a wave 2, within which the wave b of 2 formed. Now the development of the wave c of 2 is beginning. If the assumption is correct, the pair will fall to the levels of 1.2887–1.2735. In this scenario, critical stop loss level is 1.3170. Main scenario Short positions...
The pair can grow. On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the first wave of the lower level i of 3 is forming as a wedge, within which the wave (v) of I is developing. If the assumption is correct, the pair will grow to the level of 115.00. In this scenario, critical stop loss level is 111.40. Main scenario Long positions...
Current trend USD continues to trade in a broad upward trend against CAD. The pair demonstrates a significant upward momentum, and then sharply decreases. In late October, the price went up, but this trend gave way to a sharp fall in early November. Yesterday, the pair fell by more than 100 points, today the momentum has remained. The main catalyst for the...
The pair can grow. On the 4-hour chart, the correction of the higher level develops as a wave B of 2, taking a form of a flat. Now the wave b of B has ended, and the development of the wave c of B has begun, within which the entry momentum has formed as a wave (i) of c. If the assumption is correct, after the correction (ii) of c, the pair will grow to the levels...
The pair can grow. On the 4-hour chart, the upward correction of the higher level develops as a wave B of (2) as a flat. Now the wave b of B has formed, and the development of the wave c of B has begun, within which the entry momentum of the lower level i of (i) of c has formed. If the assumption is correct, the pair will grow to the levels of 1.1623–1.1813. In...
The trend is upward. On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the wave (3) forms. Now the third wave of the lower level 3 of (3) is developing. If the assumption is correct, the pair will grow to the levels of 1.0170–1.0238. In this scenario, critical stop loss level is 0.9962. Main scenario Long positions...
The pair can grow. On the 4-hour chart, the third wave of the higher level iii of 1 of (5) developed. Now the local correction is forming as a wave iv of 1 of (5), within which the wave (c) of iv is developing. If the assumption is correct, the pair will grow to the levels of 0.7237–0.7312. In this scenario, critical stop loss level is 0.7050. Main...
Current trend EUR remains under pressure due to possible escalation of the US-China trade war and weak euro area's GDP data. In Q3 2018, GDP in the euro area slowed growth from 0.4% to 0.2% QoQ and from 2.2% to 1.7% YoY. Investors are also worried by the US government's intention to impose duties on the remaining Chinese imports worth about USD 257B. The new...
The pair can grow. On the 4-hour chart, the downward correction of the higher level develops as a wave 2, within which the wave b of 2 forms. Now the wave (c) of b is developing, within which the fifth wave of the lower level v of (c) is forming. If the assumption is correct, the pair will grow to the level of 1.3227. In this scenario, critical stop loss level is...
The pair can grow. On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the first wave of the lower level i of 3 is forming as a wedge, within which the correction has ended as a wave (iv), and the wave (v) of I is developing. If the assumption is correct, the pair will grow to the level of 115.00. In this scenario, critical stop loss...
Current trend The US dollar showed mixed dynamics in relation to the NZD during the trading session on Monday due to the weak data on income and expenditure of individuals in the United States. Incomes of individuals decreased to 0.2% in September from 0.4% a month earlier. Individual expenses decreased to 0.4% in September from 0.5% a month earlier. Today, the...
The probability of decline remains. On the H4 chart, local correction is being developed as a wave B of 2 of the higher level. At the moment, it seems that a wave b of B is being formed, within which the downward impulse continues to develop as a wave (c) of b. If the assumption is correct, the pair will continue to decline to 1.2745–1.2665. The critical level...
The probability of decline remains. On the H4 chart, the upward correction of the senior level is developing as a wave B of (2). At the moment, it seems that a wave b of B is developing, within which the impulse continues to form as a wave (c) of b. If the assumption is correct, the pair will continue to decline to 1.1330-1.1296. The critical level for this...
Current trend On Friday, the yen strengthened against the dollar amid the visit of Japanese Prime Minister Shinzo Abe to China. During the meeting with Chinese Prime Minister Li Keqian, 50 agreements on cooperation in various fields were signed. In particular, the parties agreed to intensify cooperation in the field of innovation, in the field of securities, and...
The probability of decline remains. On the H4 chart, the downward correction of the higher level as a wave (2) continues. At the moment, it seems that the upward correction of the lower level as a wave B of (2) has completed. If the assumption is correct, it is logical to expect the pair to decline to the area of 0.9846–0.9622 within the wave C. The stop loss for...
The correction continues, the probability of growth is still high. On the H4 chart, the development of the third wave of the higher level iii of 1 of (5) has completed. At the moment, it seems that the formation of the local correction continues as a wave iv of 1 of (5), within which the wave (b) of iv has ended, and the wave (c) of iv has begun. If the...
Current trend On Thursday, NZD fell slightly against USD due to the publication of the New Zealand trade balance, which deficit in September rose by $0.9 billion, increasing the YoY index to 5.19 billion. In addition, US ambiguous data on the housing market and employment were released, after which the pair regained some of the losses. Today, the instrument has...