Current trend On Tuesday, the pair USD/JPY strengthened. As there was a lack of significant economic releases from Japan, JPY was trading under the influence of US and European news. Japanese investors continue to monitor trade negotiations with the United States. The country wants its automobiles and industrial goods to have a wide access to the American market...
The pair can grow. On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) began. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (v) of I is developing. If the assumption is correct, the pair will grow to the level of 1.3311. In this scenario,...
The pair can grow. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave b of B has developed, and the development of the wave c of B has begun, within which the entry wave of the lower level (i) of c has formed. If the assumption is correct, after the end of the correction (ii) of c the pair will grow to the levels of...
Current trend Yesterday, USD declined against CAD amid slowing growth in retail sales in the US, which is the main indicator of consumer spending. Growth in retail sales in September was 0.1%, which was below the forecast of 0.5%. Core Retail Sales declined by 0.1%, while economists had expected growth by 0.4%. On Monday, investors were focused on the comments...
The pair is in a correction, the fall is possible. On the 4-hour chart, the downward correction of the higher level developed as a wave 2. Now the formation of the wave 3 has begun, within which the upward momentum has formed as a wave i of 3 of the lower level, and the downward correction ii of 3 is developing. If the assumption is correct, the pair will fall to...
The pair is in a correction, the fall is possible. On the 4-hour chart, the third wave of the higher level iii of 1 of (5) developed. Now the formation of the local correction as a wave iv of 1 of (5) has begun. If the assumption is correct, after the end of the correction the pair will fall to the levels of 0.6950–0.6900. In this scenario, critical stop loss...
Current trend Last week, the NZD/USD pair strengthened moderately due to the weakening of USD dollar after the release of negative US Consumer Price Index release. In addition, the instrument was supported by a substantial increase in China’s trade surplus on Friday. Investors are waiting for the publication of data on US Retail Sales, which will be released...
The pair can grow. On the 4-hour chart, the downward correction of the higher level develops as a wave 2. Now the wave b of 2 is forming as an irregular flat, within which the wave (c) of b is developing. If the assumption is correct, the pair will grow to the level of 1.3227. In this scenario, critical stop loss level is 1.2924. Main scenario Long positions...
The pair is in a correction and 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 local correction is ending as a wave (iv) of i. If the assumption is correct, after the end of the correction the pair will grow to the levels of 115.00–116.50. In...
Current trend On Thursday, AUD showed growth against the background of the weakness of USD caused by a decline in the US stock market, as well as in the absence of important macroeconomic releases in Australia. The US currency was under pressure from weak statistics on inflation and the number of initial jobless claims, published on Thursday in the US. Core CPI...
The pair can grow. On the 4-hour chart, the downward correction of the higher level developed as a wave (2), and the development of the third wave (3) begun. Now the first wave of the lower level i of 1 of (3) is forming, within which the wave (v) of i is developing. If the assumption is correct, the pair will grow to the levels of 1.3364–1.3474. In this...
The pair can grow. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave x of B has developed, and the development of the wave y of B has begun. If the assumption is correct, the pair will grow to the levels of 1.1730–1.1814. In this scenario, critical stop loss level is 1.1430. Main scenario Long positions will become relevant...
NZD/USD, D1 On D1 chart, the instrument is trading near the lower border of Bollinger Bands, the downward trend is still in force, and the price range is extended. MACD histogram is in the negative zone building up volumes; the signal line is crossing its body from above, which is the signal for the opening of short orders. NZD/USD, H4 On the H4 chart, a...
The pair is in a correction, the fall is possible. On the 4-hour chart, the downward correction of the higher level developed as a wave 2. Now the formation of the wave 3 has begun, within which the upward momentum has formed as a wave i of 3 of the lower level, and the development of the downward correction ii of 3 has begun. If the assumption is correct, the...
The pair can decrease. On the 4-hour chart, the third wave of the higher level iii of 1 of (5) develops. Now the fifth wave of the lower level (v) of iii is forming, within which the wave v of (v) is developing. If the assumption is correct, the pair will fall to the levels of 0.7000–0.6950. In this scenario, critical stop loss level is 0.7130. Main...
Current trend Since the beginning of this week, the pair is strengthening, despite the fall of the Chinese stock market and currency. This week, no significant macroeconomic reports were published in Australia. The news background from the US was contradictory, and there were no fundamental reasons for the short-term strengthening of the pair. The fall of...
The pair can decrease. On the 4-hour chart, the downward correction develops as a wave 2. Now the wave c of 2 is forming, within which the local correction has ended as a wave (iv) of c, and the formation of the wave (v) of c is beginning. If the assumption is correct, the pair will fall to the level of 1.2740. In this scenario, critical stop loss level is...
The pair is in a correction and can grow. On the 4-hour chart, the third wave of the higher level 3 of C develops. Now the third wave of the lower level iii of 3 has formed, and the downward correction is developing as a wave iv of 3. If the assumption is correct, after the end of the correction the pair will grow to the levels of 115.00–116.50. In this scenario,...