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. Now the formation of the upward correction 2 of (5) begins, within which the first wave of the lower level (i) is developing. If the assumption is correct, the pair will grow to the levels of 0.7540–0.7677. The level of 0.7309 is critical and...
Current trend Prices for gold increased moderately on Wednesday, noting a new local high since June 26. The instrument was supported by weak USD, as well as the continuing tensions in the trade relations between China and the US. The prospect of further tightening of the Fed’s monetary policy is hampering a steadier growth of gold prices. New comments on this...
The pair is in a correction and 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 1.3043 is critical and stop-loss for this...
The pair can grow. On the 4-hour chart, the third wave of the higher level 3 of (C) is forming. Now the development of the third wave of the lower level iii of 3 has begun, within which the wave (i) of iii has formed, and the downward correction (ii) of iii is ending. If the assumption is correct, after the end of the correction the pair will grow to the levels...
XAG/USD, D1 On the daily chart, the downward movement is in the correction, the instrument is trading between the lower border and the middle line of Bollinger bands. MACD histogram is in the negative zone, its volumes are growing, the signal line crosses the zero line and the histogram body downwards, giving a signal to open short positions. Stochastic is on the...
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 fourth wave of the lower level iv of C is ending. If the assumption is correct, the pair will fall within the fifth wave v of C to the levels of 1.3011–1.2926. The level of 1.3316 is critical and...
The pair can fall. On the 4-hour chart, the downward momentum of the higher level is forming as a wave A of (2). Now the fifth wave of the lower level v of A is developing, within which the wave (iii) of v is forming. If the assumption is correct, the pair will fall to the levels of 1.1439–1.1320. The level of 1.1720 is critical and stop-loss for this...
XAU/USD, D1 On the D1 chart, the instrument is declining along the bottom line of Bollinger Bands; the price range is widened, which indicates a possible continuation of the downtrend. MACD histogram is in the negative area and gradually increases its volumes. Stochastic is in the oversold zone and is moving horizontally. XAU/USD, H4 On the H4 chart, there is a...
The trend is upward. 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 local correction has ended as a wave (ii), of v and the wave (iii) of v is forming. If the assumption is correct, the pair will grow to the levels of 1.0057–1.0190. The level of 0.9889...
The pair can fall. On the 4-hour chart, downward trend is forming as a first wave 1 of (5) of the higher level. Now the fifth wave of the lower level v of 1 is developing, within which the upward correction has ended as a wave (iv) of v, and the wave (v) of v is developing. If the assumption is correct, the pair will fall to the level of 0.7250. The level of...
Current trend Prices for silver rose on Friday, departing from local lows of December 2017, taking advantage of technical factors of USD correction. At the same time, today the instrument is declining steadily, reflecting the low interest in silver at the market. Friday's statistics from the US failed to support USD, and investors preferred to concentrate on the...
The pair is in the correction and 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 1.3043 is critical and stop-loss for...
The pair can grow. On the 4-hour chart, the third wave of the higher level 3 of (C) is forming. Now the development of the third wave of the lower level iii of 3 has begun, within which the wave (i) of iii has formed. If the assumption is correct, after the end of the correction (ii) of iii the pair will grow to the levels of 112.65–115.50. The level of 109.35 is...
Current trend Today, the pair AUD/USD has reached a local minimum and moved to recovery against the backdrop of consolidating a large volume of short positions. Currently, investors are more cautious, since the consequences of the trade war can have a negative impact on USD. The aggressive strategy of Trump's administration caused discord between the US and its...
The pair is falling. 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 third wave of the lower level iii of C is developing. If the assumption is correct, the pair will fall to the level of 1.2926. The level of 1.3230 is critical and stop-loss for this...
The pair can fall. On the 4-hour chart, the downward momentum of the higher level is forming as a wave A of (2). Now the fifth wave of the lower level v of A is developing, within which the local correction (ii) of v has ended, and the wave (iii) of v is forming. If the assumption is correct, the pair will fall to the levels of 1.1439–1.1320. The level of 1.1720...
Current trend GBP continues falling against USD. Sales of the British currency were caused by weak macroeconomic data. Housing Prices index amounted to 2% YoY, which is better than the forecast of 1.7% but is significantly worse than the value in the previous month. Consumer Confidence index remained unchanged at the level of 10.7 points. The monetary policy of...
The trend is upward. 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 local correction has ended as a wave (ii) of v, and the wave (iii) of v is developing. If the assumption is correct, the pair will grow to the levels of 1.0057–1.0190. The level of...