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 began as a wave B of (2). Now the wave a of B is developing, within which the third wave of the lower level (iii) of a is forming. If the assumption is correct, the pair will grow to the levels of 1.1745–1.1850. In this...
XAG/USD, D1 On the D1 chart there is a downward movement correction; the instrument demonstrates sideways movement within the corridor formed by the center and lower lines of Bollinger Bands. MACD histogram is in the negative zone keeping a signal for opening short positions. XAG/USD, H4 On the H4 chart the instrument is growing in the direction of the upper...
The pair can grow. On the 4-hour chart, the first wave of the higher level 1 formed, and the downward correction develops as a wave 2. The wave c of 2 is now developing, within which the first wave of the lower level (i) of c has formed. If the assumption is correct, in the short term the pair will grow to the levels of 0.9892–0.9912. In this scenario, critical...
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. If the assumption is correct, after the end of the wave the pair will grow to the level of...
Current trend On Thursday, USD strengthened against AUD. Investors are focused on the introduction of additional US-Chinese reciprocal duties by USD 16 billion each. The United States raised tariffs, in particular, on motorcycles produced, railway cars, and steam turbines in China. The PRC responded with duties on American cars, buses, coal, and other goods. The...
The pair can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 develops. Now the wave (v) of v of the lower level is developing, within which the local correction ii of (v) has ended. If the assumption is correct, the pair will grow to the levels of 1.3385–1.3500. The level of 1.2985 is critical and stop loss for this scenario. Main...
The pair can grow. On the 4-hour chart, the correction of the higher level formed as a wave 2 of (C) as a shape of an irregular flat. Now the development of the third wave 3 of C has begun, within which the first entry wave is forming. If the assumption is correct, the pair will grow to the levels of 113.22–115.00. The level of 109.74 is critical and stop loss...
Current trend The New Zealand dollar continues to decline against the US one. Strengthening of USD is largely due to the Fed's protocols published yesterday: the likelihood of an increase of the key interest rate in September exceeds 85%. Also, officials expressed their concern about trade wars, which could significantly slow the growth of the economy. US-China...
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 third wave of the lower level iii of C has formed as a momentum, and the upward correction iv of C has ended. If the assumption is correct, the pair will fall to the level of 1.2660 within the wave v of...
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) began. Now the wave a of B is developing, within which the entry momentum of the lower level (i) of a has formed. If the assumption is correct, the pair will fall to the levels of 1.1462–1.1425 within...
XAU/USD, D1 On the daily chart, the instrument is correcting up from the lower line of the Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is growing, having left the oversold zone. The Composite is approaching its recent resistance region. XAU/USD, H4 On the 4-hour chart, the instrument is trading in the upper...
The pair can fall. On the 4-hour chart, the first wave of the higher level 1 formed, and the downward correction develops as a wave 2. Now the local correction of the lower level b of 2 has ended, and the wave c of 2 is developing. If the assumption is correct, the pair will fall to the levels of 0.9745–0.9672. The level of 0.9978 is critical and stop loss for...
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. If the assumption is correct, after the correction (b) of iv the pair will grow to the level of 0.7455. The level of 0.7206 is...
Current trend NZD slightly changed against USD on August 20 but managed to keep the "bullish" sentiment formed at the end of last week. The traders are focused on US-China trade negotiations and the annual meeting of the heads of world regulators in Jackson Hole. Negotiations between China's Deputy Minister of Trade Wang Shouwen and US Deputy Secretary of...
The pair can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 develops. Now the local correction has formed as a fourth wave (iv) of v, and the wave (v) of v is developing, within which the correction of the lower level ii of (v) is ending. If the assumption is correct, the pair will grow to the levels of 1.3385–1.3500. The level of 1.2960 is...
The pair can grow. On the 4-hour chart, the correction of the higher level as a wave 2 of (C) formed, which took the shape of an irregular flat. Now the wave c of 2 has formed, within which a wedge has formed. If the assumption is correct, the pair will grow to the levels of 111.42–113.22. The level of 109.74 is critical and stop loss for this scenario. Main...
NZD/USD, D1 On the daily chart, the pair is correcting from the lower line of the Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is testing from below its longer MA, having left the oversold zone. The Composite is growing, having broken out its longer MA. NZD/USD, H4 On the 4-hour chart, the instrument is trading in...
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). Locally the wave C of (2) is forming, within which the third wave of the lower level iii of C has formed as a momentum, and the upward correction iv of C is developing. If the assumption is correct, the pair will grow to the level of...