Current trend Yesterday, due to a lack of significant macroeconomic releases, the USD/JPY pair fell sharply after the closing of profitable long positions after reaching 11-month highs last week. The main factor of the dynamics was the strengthening of USD due to expectations of another rate hike this year, as well as the overall stability of the American...
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 local correction has ended as a wave (iv) of i, and the development of the wave (v) of i has begun. If the assumption is...
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 is developing, within which the downward momentum has formed as a wave (a) of x, and the local correction is developing as a wave (b) of x. If the assumption is correct, in the short term the pair will grow to the levels of 1.1590–1.1635. In this...
Current trend On Friday, GBP strengthened against USD after the release of ambiguous US statistics. A negative factor for USD was the slowdown in the growth of Nonfarm Payrolls: in September, the figure reached 134K against the forecast of 185K and last month’s figure of 270K. However, the increase in the unemployment rate was 3.7%, which was below the forecast...
The pair can grow. 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 is developing as a wave i of 3 of the lower level. If the assumption is correct, the pair will grow within the wave (v) of i to the levels of 0.9982–1.0068. In this scenario,...
The pair can fall. 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 0.7140. Main scenario Short...
Current trend At the moment, the instrument is declining, updating local lows. The main reason for the weakness of the pair is the strengthening of USD. This week, the macroeconomic reports from the US systematically exceed forecasts, reinforcing the "bullish" momentum of USD. In addition, on Wednesday, the Fed Chairman Jerome Powell expressed confidence that...
The pair can fall. On the 4-hour chart, the downward correction develops as a wave 2. Now the wave c of 2 is forming, within which the third wave of the lower level (iii) of c has formed, and the local correction is ending as a wave (iv) of c. If the assumption is correct, the pair will fall to the levels of 1.2740–1.2580. In this scenario, critical stop loss...
The trend is upward. 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 is forming, within which of the wave (iii) of iii is developing. If the assumption is correct, the pair will grow to the levels of 115.00–115.50. In this scenario, critical stop loss level is 113.51. Main scenario Long...
Current trend Over the last month, the USD/JPY pair gained more than 400 points and reached key resistance at the level of 114.50. The main catalyst for the movement of the instrument is the confident strengthening of the USD due to the background of strong fundamental statistics and growth in demand, as well as the weakening of JPY. Today, quiet sideways...
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 (iii) of i has formed, and the local correction is ending as a wave (iv) of i. If the assumption is correct, the pair...
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 is developing, within which the downward momentum has formed as a wave (a) of x. If the assumption is correct, the pair will grow within the wave (b) of x to the levels of 1.1633–1.1675. In this scenario, critical stop loss level is 1.1300. Main...
Current trend The euro against the US dollar rushed down again amid the growth of the latter due to increased demand and favorable macroeconomic statistics from the United States. Europe, in turn, publishes negative releases, which provides additional pressure on the pair. At the end of last week, weak data on major indices in the Eurozone came out, and this...
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 forms. Now the upward momentum has formed as a wave (a) of b. If the assumption is correct, the pair will fall within the wave (b) of b to the levels of 0.9704–0.9663. In this scenario, critical stop loss level is 0.9866. Main...
The pair can fall. 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 upward correction has ended as a wave iv of (v). If the assumption is correct, the pair will fall to the level of 0.7000. In this scenario, critical stop loss level is 0.7315. Main...
Current trend Gold has been trading in a limited price range both today and yesterday. USD is supported by news about the consent reached between Canada and the US on updating the NAFTA agreement. Earlier, Washington threatened to withdraw from the agreement, if the document will not be significantly changed. In addition, the market holds investors' interest in...
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 third wave of the lower level (iii) of c has formed. If the assumption is correct, after the end of the correction (iv) of c the pair will fall to the levels of 1.2740–1.2580. In this scenario, critical stop loss level is...
The trend is upward. 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 is forming, within which the wave (iii) of iii is developing. If the assumption is correct, the pair will grow to the levels of 115.00–115.50. In this scenario, critical stop loss level is 113.27. Main scenario Long...