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 first wave of the lower level (i) is developing, within which the local correction iv of (i) has ended. If the assumption is correct, the pair will grow to the levels of...
Current trend This week, the pair demonstrates a moderate decline at the background of strong macroeconomic releases in the US. The main losses occurred on Wednesday, after the release of the Producer Price Index in the US. YoY, the index exceeded the positive forecast by 0.2%. Thus, the positive inflationary dynamics corresponds to the "hawkish" plans of the...
The pair can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 is developing. Now the third wave of the lower level (iii) of v is forming, within which the local correction iv of (iii) has ended. If the assumption is correct, the pair will grow within the wave v of (iii) to the level of 1.3500. The level of 1.3062 is critical and stop-loss for...
The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (C) is forming. Now the third wave of the lower level iii of 3 is developing, within which the upward momentum is developing as a wave (iii) of iii. If the assumption is correct, the pair will grow to the levels of 113.95–115.50. The level of 111.77 is critical for this...
Current trend Prices for silver fell significantly on Wednesday, having receded to local lows of July 3 due to another worsening of trade crisis between the US and China. Washington's threat to introduce new import duties on Chinese goods worth USD 200 billion contributed to a noticeable increase in demand for USD, but it could also lead to a review of the Fed's...
The pair can grow. On the 4-hour chart, the development of the downward correction of the higher level as a wave (2) has ended. Locally the formation of the third wave (3) begins, within which the first wave of the lower level (i) of I has formed, and the correctional wave (ii) of I is ending. If the assumption is correct, the pair will grow to the levels of...
The pair can grow. On the 4-hour chart, the downward momentum of the higher level is forming as a wave A of (2). Now the local correction is developing as a fourth wave of the lower level iv of A, within which the wave (c) of iv is forming. If the assumption is correct, the pair will grow to the level of 1.1877. The level of 1.1628 is critical and stop-loss for...
XAU/USD, D1 On the daily chart, the instrument was corrected to the middle line of Bollinger bands, the trend is downward, the price range is narrowing. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone, the oscillator lines are directed downwards. XAU/USD, H4 On the 4-hour chart, the...
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 correction has formed as a wave (ii) of v, and the development of the wave (iii) of v of the lower level has begun. If the assumption is correct, the pair will grow to the levels of...
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 first wave of the lower level (i) is developing, within which the local correction iv of (i) is ending. If the assumption is correct, the pair will grow to the levels of...
Current trend The AUD/USD pair strengthened due to the start of US-China trade war and weak June US employment market data. Last Friday, negative statistics on the US labor market were published. The rise in the unemployment rate by 0.2% in June and the sudden slowdown in the growth of the average hourly wage raise doubts about Fed's "hawkish" plans. However,...
The pair can grow. On the 4-hour chart, the fifth wave of the higher level v of 1 is developing. Now the third wave of the lower level (iii) of v is forming, within which the local correction iv of (iii) is ending. If the assumption is correct, the pair will grow to the level of 1.3500. The level of 1.3062 is critical and stop-loss for this scenario. Main...
The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (C) is forming. Now the third wave of the lower level iii of 3 is developing, within which the wave (i) of iii has formed, and the downward correction (ii) of iii has ended. If the assumption is correct, the pair will grow to the levels of 112.65–115.50. The level of 110.26 is...
Current trend On Friday, USD declined against CAD after the release of mixed data from the US market. Nonfarm Payrolls in June was better than expected but lower than the previous value and amounted to 213K. Unemployment rate rose from 3.8% to 4.0%. The deterioration in the labor market and trade wars can cause FOMC members to slow down the interest rate...
The pair can grow. On the 4-hour chart, the development of the downward correction of the higher level as a wave (2) has ended. Locally the formation of the third wave (3) begins, within which the small entering momentum has formed as a wave (i) of i. If the assumption is correct, the pair will grow to the levels of 1.3553–1.3715. The level of 1.3049 is critical...
The pair is in a correction and can grow. On the 4-hour chart, the downward momentum of the higher level is forming as a wave A of (2). Now the local correction is developing as a fourth wave of the lower level iv of A, within which the wave (c) of iv is forming. If the assumption is correct, the pair will grow to the levels of 1.1877–1.1990. The level of 1.1592...
Current trend NZD is actively growing against USD, stepping off the record minimum of the beginning of the week, supported by technical factors and the reluctance of investors to open new positions before June US employment market publication. In addition, on Friday, reciprocal duties on goods produced in the US and China will be implied for a total of $68...
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 is forming. If the assumption is correct, the pair will grow to the levels of 1.0057–1.0190. The level of 0.9852 is critical and stop-loss for this...