The pair can grow. 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) has begun. Now the wave a of B has formed, and the wave b of B is developing. If the assumption is correct, after the end of the wave the pair will grow to the levels of 1.1787–1.1940. In this scenario,...
NZD/USD, D1 On the daily chart, the instrument broke down the lower border of Bollinger bands, continuing the downward movement. MACD histogram is in the negative area, the signal line crosses the histogram body downwards, indicating the opening of short positions. NZD/USD, H4 On the 4-hour chart, the instrument is falling toward the lower border of Bollinger...
The price can decrease. On the 4-hour chart, the downward correction of the higher level is developing 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 (iv) of c is ending. If the assumption is correct, the pair will fall to the levels of 0.9640–0.9600. In this scenario,...
The trend is downward. On the daily chart, the first wave of the higher level 1 develops as a momentum. Now the third wave iii of 1 is developing, within which the wave (v) of iii is forming. 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 0.7361. Main scenario Short positions will...
Current trend Last week, the pair declined moderately due to the strong USD. Last Thursday, the instrument strengthened after the release of positive statistics on personal spending and the labor market in the US. Today, the volume of trading on the market will be limited due to the celebration of Labor Day in the United States. The pair will continue to trade...
The pair is in a correction, the fall is possible. 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 is developing. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.3200. Main scenario Short...
The pair can grow. On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C), taken 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 correction (ii) of I is ending. If the assumption is correct, the pair will grow to the...
Current trend The US dollar weakened against the yen on Thursday amid rising retail sales in Japan: the indicator grew by 1.5% YoY, exceeding the forecast by 0.3%. Thursday US Personal Spending and Income data met the market's expectations. Personal Spending index remained at the level of 0.4%, and Income one decreased from 0.4% to 0.3%. Published today, data...
The pair can grow. On the 4-hour chart, the downward correction of the higher level developed as a wave (2). Now the development of the third wave (3) has begun, within which the first wave of the lower level i of 1 of (3) is forming. If the assumption is correct, the pair will grow to the levels of 1.3213–1.3364. In this scenario, critical stop loss level is...
The pair can grow. 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 a of B is developing, within which the fourth wave of the lower level (iv) of a has ended. If the assumption is correct, the pair will grow to the levels of 1.1780–1.1820. In this...
XAU/USD, D1 On the daily chart, the instrument moves sideways along the middle line of Bollinger bands, the price range is narrowed. MACD histogram is in the negative area, keeping the signal to the opening of short positions. XAU/USD, H4 On the 4-hour chart, there is a correction of the upward movement, the instrument moves within the sideways corridor formed...
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 third wave of the lower level (iii) of c is developing. If the assumption is correct, the pair will fall to the levels of 0.9672–0.9640. In this scenario, critical stop loss level is 0.9770. Main...
The price can grow. On the 4-hour chart, the first wave of the higher level 1 develops, within which the wave iii of 1 ended. Now the upward correction is developing as a fourth wave iv of 1, within which the wave (a) of iv has formed, and the wave (b) of iv is developing as a triangle. If the assumption is correct, after the end of the wave the pair will grow to...
USD/CHF, D1 On the daily chart, the instrument falls along the lower border of Bollinger bands, the price range is extended, which indicates a possible development of the downward movement. MACD histogram is in the negative area, gradually increasing its volumes, the signal line moves horizontally along the zero line. USD/CHF, H4 On the 4-hour chart there is a...
The pair is in a correction, the fall is possible. On the 4-hour chart, the downward correction develops as a wave 2. Now the wave a of 2 of the lower level is developing, within which the fifth wave (v) of a is forming. If the assumption is correct, the pair will fall to the levels of 1.2820–1.2740. In this scenario, critical stop loss level is 1.2992. Main...
The pair can grow. On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C), taken 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. If the assumption is correct, after the correction the pair will grow to the levels of...
Current trend Yesterday, USD weakened against the main competitors, including CAD. Monday’s key event was the signing of an agreement between the US and Mexico. Investors took it as a positive step on the way to removing the current political uncertainty, which had forced to abandon the risky assets and invest in the dollar. The agreement gives the market hope...
The pair can fall. On the 4-hour chart, the downward correction of the higher level develops as a wave (2). Locally the wave C of (2) is forming, within which the local correction iv of C has ended, and the development of the wave v of C has begun. If the assumption is correct, the pair will fall to the level of 1.2660. In this scenario, critical stop loss level...