The pair can decrease. On the 4-hour chart, the downward momentum of the higher level A of (2) formed, and the development of the upward correction as a wave B of (2) begun. Now the wave b of B is developing, within which the wave (b) of b of the lower level is forming. If the assumption is correct, after the end of the wave the pair will fall to the levels of...
Current trend Yesterday, the pair moved sideways. The US-China trade war is still the focus of investors' attention. On Tuesday, it became known that next week China intends to ask the WTO for permission to impose economic sanctions against the US in the framework of the 2013 dispute. Then, Washington introduced anti-dumping duties against a number of Chinese...
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 third wave 3 is beginning, within which the first entry wave of the lower level (i) of i has formed. If the assumption is correct, the pair will grow to the levels of 0.9863–0.9980. In this scenario, critical stop loss level is...
The downward trend maintains. 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 iii of (v) has formed. If the assumption is correct, after the end of the local correction iv of (v) the pair will fall to the level of 0.7000. In this scenario, critical...
Current trend The pair NZD/USD continues to trade near a two-year low. Despite the weakness of USD due to the aggravation of the trade conflict between the US and the PRC, the instrument is under pressure. The US president warned about imposing duties on Chinese imports of $267 billion, which exceeds previous promises of $67 billion, and NZD is weakening due to...
The pair can fall. On the 4-hour chart, the downward correction develops as a wave 2. Now the wave a of 2 of the lower level has formed, and the development of the wave b of 2, which has reached the correctional level of 62%, has ended. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740 within the wave c of 2. 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), shaped as an irregular flat. Now the development of the third wave 3 of C has begun, within which the local correction of the lower level has ended as a wave (ii) of i. If the assumption is correct, the pair will grow to the levels of 113.22–115.00. In this...
Current trend On Friday, USD strengthened against CAD due to the growth of Nonfarm Payrolls data by 201 thousand, which was higher than the forecast of 191 thousand. The published report dispelled almost all doubts about the rate increase this month. August US average hourly earnings increased by 0.4% MoM and by 2.9% YoY, supporting USD. Cad is under pressure of...
The pair can fall. On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the wave C of (2) is forming, within which the fifth wave of the lower level v of C is developing. If the assumption is correct, the pair will fall to the levels of 1.2660–1.2580. In this scenario, critical stop loss level is 1.3043. Main...
The pair can decrease. On the 4-hour chart, the downward momentum of the higher level A of (2) formed, and the development of the upward correction began as a wave B of (2). Now the wave a of B has formed, and the wave b of B is developing, within which the wave (c) of b of the lower level is forming. If the assumption is correct, the pair will fall to the levels...
Current trend On Thursday, the US dollar showed ambiguous dynamics against New Zealand one in view of the release of statistics from the United States. Favorable factors for USD were a reduction of the number of Continuous Jobless Claims in August to 1.707 million, as well as a decrease in the number of Initial Jobless Claims to 203K, which is 11K below the...
The pair can fall. On the 4-hour chart, the downward correction of the higher level develops as a wave 2. Now the wave c of 2 is forming, within which the local correction (iv) of c has ended, and the fifth wave of the lower level (v) of c is forming. If the assumption is correct, the pair will fall to the level of 0.9600. In this scenario, critical stop loss...
The pair can fall. On the 4-hour chart, the third wave of the higher level iii of 1 develops. Now the fifth wave of the lower level (v) of iii is forming, within which the wave iii of (v) is developing. If the assumption is correct, the pair will fall to the levels of 0.7100–0.7000. In this scenario, critical stop loss level is 0.7237. Main scenario Short...
USD/CHF, D1 On D1 chart, the instrument returned to decline after a short-term correction; the pair is traded between the middle and lower lines of Bollinger Bands. MACD histogram is in the negative zone, the signal line is crossing its body from below, which is the signal for the opening of short orders. USD/CHF, H4 On H4 chart, the downtrend is still in...
The pair can decrease. On the 4-hour chart, the downward correction develops as a wave 2. Now the wave a of 2 of the lower level has formed, and the wave b of 2 i, which has reached the correctional level of 62%, is ending. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740 within the wave c of 2. 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), taking a shape of an irregular flat. Now the development of the third wave 3 of C has begun, within which the first entry wave of the lower level (i) of I has formed, and the local correction is developing as a wave (ii) of i. If the assumption is correct, after...
Current trend Yesterday, USD strengthened against CAD due to positive background data: Markit Manufacturing PMI reached 54.7 points, exceeding the forecast by 0.2 points, and ISM Manufacturing PMI rose to 61.3 points against the expectations of the fall to 57.7 points. CAD is under pressure of Canadian Manufacturing PMI data, which was below the forecast and...
The pair can fall. On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Now the wave C of (2) is forming, within which the local correction iv of C has ended, and the development of the fifth wave of the lower level v of C has begun. If the assumption is correct, the pair will fall to the levels of 1.2660–1.2580. In this...