The pair can grow. On the 4-hour chart, the upward correction of the higher level is developing as a wave 2 of (5). Now the wave w of 2 is developing as a flat (a)(b)(c), within which the wave (c) of w is forming. If the assumption is correct, the pair will grow to the level of 0.7540. The level of 0.7318 is critical and stop-loss for this scenario. Main...
The pair can grow. On the 4-hour chart, the fifth wave v of 1 is developing as a diagonal triangle. Now the local correction (iv) of v has formed. If the assumption is correct, the development of the wave (v) of v begins, within which the pair will grow to the levels of 1.0070–1.0115. The level of 0.9865 is critical and stop-loss for this scenario. Main...
Current trend Yesterday, NZD grew moderately against USD and approached the highs renewed on July 26. USD is declining before Fed Interest Rate Decision on Wednesday. The rate is expected to stay at the level of 2.0%, and there no announcement of new economic forecasts is expected. In addition, the currency is under pressure due to instability in the US...
The correction has ended. The pair can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 is developing. Now the local correction has formed as a fourth wave (iv) of v, and the development of the wave (v) of v begins. If the assumption is correct, the pair may grow to the level of 1.3500. The level of 1.2986 is critical and stop-loss for this...
The correction has ended, the pair can grow. On the 4-hour chart, the correction of the higher level has formed as a wave 2 of (C), taking a shape of an irregular flat. Now the downward momentum has developed as a wave c of 2 b, and the formation of the wave (i) of i of 3 has begun. If the assumption is correct, the pair may grow to the level of 113.22 and...
Current trend On Friday, silver prices rose, as the US dollar did not receive the expected support from published Q2 GDP data. However, further growth of the instrument was prevented by positive news around the process of negotiations between the US and Europe. The speech of US Treasury Secretary Stephen Mnuchin, published on Sunday, supported USD additionally....
The pair can decrease. On the 4-hour chart, the downward correction of the higher level is developing as a wave (2). Locally the wave C of (2) is forming, within which the wave i of C has formed, and the upward correction has ended as a wave ii of C. If the assumption is correct, the pair will fall to the levels of 1.2800–1.2580. The level of 1.3215 is critical...
The pair can decrease. On the 4-hour chart, the downward momentum of the higher level A of (2) is forming, within which the local correction is ending as a fourth wave of the lower level iv of A. Now the development of the fifth wave v of A has begun, within which the first wave of the lower level (i) of v is forming. If the assumption is correct, the pair will...
Current trend The dollar strengthened yesterday against the pound, despite the excess of the forecast for the number of Jobless Claims in the United States. In July, the indicator amounted to 217K, which is 2K higher than the forecast and 9K higher than the previous indicator, which shows the weakness of the labor market and is an unfavorable factor for...
The pair can grow. On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the fifth wave v of 1 is developing, within which the wave (iii) of v of the lower level has formed, and the local correction (iv) of v has ended. If the assumption is correct, the pair will grow to the level of 1.0100. The level of 0.9893...
The pair can grow. On the 4-hour chart, the downward trend has formed as a first wave 1 of (5) of the higher level, and the development of the upward correction 2 of (5) has begun. Now the wave w of 2 is developing as a flat (a)(b)(c), within which the wave (c) of w is forming. If the assumption is correct, the pair will grow to the level of 0.7540. The level of...
Current trend This week, the pair demonstrates moderate growth amid the escalation of the China-US trade conflict, as well as the release of weak statistics on the real estate market and the unexpected drop in Services PMI in the US. On Tuesday, the PRC government announced a program to stimulate domestic demand and its own economy to prevent its recession due...
The correction is ending, the price can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 is developing. Now the formation of the local correction as a fourth wave (iv) of v is ending, within which the wave c of (iv) is ending. If the assumption is correct, after its end the pair will grow to the level of 1.3500. The level of 1.2986 is critical...
The correction is ending, the pair can grow. On the 4-hour chart, the formation of the correction of the higher level as a wave 2 of (C) is ending, taking the shape of an irregular flat. Now the development of the downward momentum as a wave c of 2 is ending, within which the fifth wave (v) of c is forming. If the assumption is correct, after its end the pair...
Current trend On Tuesday, USD continued to grow insignificantly against CHF. USD was under pressure from macroeconomic statistics from the US, but the instrument managed to find a balance against the publication of controversial data from the eurozone. US investors are waiting for Thursday when the head of the European Commission Jean-Claude Juncker will make...
The pair can fall. On the 4-hour chart, the downward correction of the higher level is developing as a wave (2). Locally the wave C of (2) is forming, within which the wave i of C is forming, and the upward correction is ending as a wave ii of C. If the assumption is correct, after the end of the correction the pair will fall to the levels of 1.2800–1.2580. The...
The correction has ended, the price can fall. On the 4-hour chart, the downward momentum of the higher level A of (2) is forming, within which the local correction has ended as a fourth wave of the lower level iv of A. Now the fourth wave has taken a shape of a triangle, within which the wave (e) of iv has developed. If the assumption is correct, the pair will...
Current trend EUR weakened against USD, despite declining existing home sales in the US. Yesterday, the investors were focused in G20 finance ministers meeting in Buenos Aires this weekend. The Dutch Finance Minister Wopke Hoekstra voiced the common position of the EU leaders that new US trade agreements can be concluded only with the European Union as a whole,...