Current trend At the beginning of the year, the pair AUD/USD consolidated within the long-term downward trend. In September, an upward wave formed, which, by the end of the month, came close to the upper limit of the range, but could not break it and fell to the level of 0.7200. The main catalysts for the movement remain strong US fundamental statistics and...
The pair is in a correction and 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 has ended as a wave (iv) of i. If the assumption...
The pair can fall. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave w of B has formed as a zigzag, and the wave x of B is developing, within which the downward momentum is forming as a wave (a) of x. If the assumption is correct, the pair will fall to the levels of 1.1550–1.1495. In this scenario, critical stop loss level is...
Current trend Today, the pound is pressured by data on UK GDP in Q2 2018. On a quarterly basis, the index met market expectations, rising from 0.1% to 0.4%. However, it did not reach the forecasts and amounted to 1.2% YoY. According to the report of the British Office of National Statistics (ONS), in Q2, the UK economy grew due to the strengthening of the...
The pair is in a correction and can grow. On the 4-hour chart, the downward correction of the higher level develops as a wave 2. Now the wave a of 2 has formed, and the development of the wave b of 2 has begun, within which the upward momentum is developing as a wave (a) of b. If the assumption is correct, the pair will grow to the levels of 0.9864–0.9900. In...
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 Today, the pair showed a moderate decline against the backdrop of the RBNZ decision on monetary policy. The New Zealand regulator left the interest rate at the level of 1.75% as expected. At the same time, comments on monetary policy were extremely cautious, which disappointed investors. The RBNZ is interested in a low exchange rate of NZD in order...
The pair can decrease. On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first wave of the lower level (i) of c has formed, and the local correction has ended as a wave (ii) of c. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740. In this scenario,...
The pair can grow. On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C), and the development of the third wave 3 of C began. Now the first wave of the lower level i of 3 is forming, within which the wave (iii) of i is developing. If the assumption is correct, the pair will grow to the levels of 113.80–114.45. In this scenario,...
Current trend The price of gold continues to consolidate after a significant fall from April to August. For a month, the instrument moves within the narrowing lateral channel of 1190.00-1215.00. With the exception of the oil sector, the pressure on the commodities market remains amid which the gold price continues to fall. Additional pressure on the pair is...
The pair is in a correction and 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 (iii) of I has developed, and the local correction is developing as a wave (iv) of i. If the...
The pair can grow. On the 4-hour chart, the upward correction develops as a wave B of (2). Now the wave c of B is forming, within which the development of the wave (v) of c of the lower level has begun. If the assumption is correct, the pair will grow to the levels of 1.1850–1.1940. In this scenario, critical stop loss level is 1.1723. Main scenario Long...
Current trend The main catalyst for yesterday's decline in the pair was China's refusal to participate in the new round of trade negotiations with the US. The week will be full of important events that are likely to lead to strong volatility in the market. On Thursday, the US and New Zealand regulators will announce decisions on monetary policy. The significance...
The pair can decrease. On the 4-hour chart, the downward correction of the higher level develops as a wave 2. Now the wave a of 2 is forming, within which the fifth ending wave of the lower level (v) of a is developing. If the assumption is correct, the pair will fall to the level of 0.9524. In this scenario, critical stop loss level is 0.9694. Main...
The pair can fall. On the 4-hour chart, the third wave of the higher level iii of 1 of (5) is developing. 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 0.7304. Main...
Current trend Last week the AUD/USD pair strengthened due to the investors' interest in risky assets. Reduction of trade tension between the US and China was the main catalyst for the growth of investors’ optimism. Beijing's cautious stance prevented the escalation of the trade conflict and affected the instrument positively. Today, China's new economic...
The pair can fall. On the 4-hour chart, the downward correction develops as a wave 2. Now the formation of the wave c of 2 has begun, within which the first 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 fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss...
The pair can grow. On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C), and the development of the third wave 3 of C began. Now the first wave of the lower level i of 3 is forming, within which the wave (iii) of I is developing. If the assumption is correct, the pair will grow to the levels of 113.22–113.80. In this scenario,...