The pair can decrease. On the 4-hour chart, the 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 levels of 0.7300–0.7250....
Current trend NZD continues dropping against USD. Pressure on the instrument is exerted by the growth of USD, which continues to strengthen due to the positive macroeconomic statistics. Richmond Fed Manufacturing Index turned out to be significantly better than the forecast and amounted to 20 points compared to 16 points a month earlier. Published data on new...
An upward trend is still strong. On the H4 chart the fifth wave of the senior level v of 1 is developing. At the moment, apparently, the third wave of the lower level (iii) of v is forming. If the assumption is true, it is logical to expect the growth of the pair to continue to 1.3500. The critical level of the stop-loss for this scenario is 1.3260. Main...
Correction was completed; the probability of growth is high. On the H4 chart the third wave of the higher level 3 of (C) is forming. At the moment, apparently, the first wave of lower level i of 3 has been completed, and the downwards correction ii of 3 has ended. If the assumption is true, it is logical to expect the pair to rise to the levels of 111.40 and...
Current trend Prices for silver resumed their decline on Monday, offsetting a moderate growth at the end of last week, which replaced the sharp drop in quotes. The decline of the instrument was taking place due to a half-empty macroeconomic calendar, but investors were still focused on the development of the US-China trade war. News about US plans to prohibit...
The probability of fall is still strong. On the H4 chart, presumably the descending impulse as the wave A of (2) is still forming. At the moment, the fifth wave of the lower level v of A is developing, within which the local correction (ii) of v is forming. If the assumption is true, then it is logical to expect the pair to fall to the levels of 1.1439 and...
The downward movement of the pair continues. On the H4 chart, presumably the downward correction of the highest level as a wave (2) is developing. Locally, the wave C of (2) was formed, within which an upward correction as a low-level wave ii of C is developing. If the assumption is true, then after the completion of the correction, it is logical to expect the...
NZD/USD, D1 On the D1 chart, the pair is trading between the middle and the lower lines of Bollinger Bands; the price range is widened, which indicates a possible continuation of the downtrend. MACD histogram is in the negative zone, the signal line is crossing the body of the histogram from above which is a sign for opening short positions. Stochastic is...
Current trend The AUD/USD pair interrupted a long fall due to the significant decline of the US dollar. The American currency was under pressure after the escalation of the trade tense had a negative impact on the dynamics of the government bonds’ yield. In addition, Philadelphia Fed Manufacturing Survey fell sharply from 34.4 points in May to 19.9 in June,...
The pair can fall. On the 4-hour chart, the fifth wave of the higher level v of 1 is developing. Now the formation of the third wave of the lower level (iii) of v has ended. If the assumption is correct, the pair will fall within the fourth wave (iv) of v to the levels of 1.3108–1.3036. The level of 1.3340 is critical and stop-loss for this scenario. Main...
The pair is in a correction, the fall is possible. On the 4-hour chart, the formation of the third wave of the higher level 3 of (C) has begun. Now the first wave of the lower level i of 3 has formed, and the downward correction ii of 3 is developing, within which the wave (c) of ii is forming. If the assumption is correct, the pair will fall to the levels of...
Current trend JPY is falling against USD. At the moment, the rate is 110.35, the nearest important resistance is at the level of 110.54 or 6/8 Murrey. The global demand for the US currency is largely due to Fed’s, which continues to raise interest rates, making carry trade transactions attractive due to the differential of rates between countries. In Japan,...
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 levels of 1.3040–1.2926. The level of 1.3217 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 development of the upward correction as a fourth wave iv of A has ended, and the formation of the wave v of A has begun. If the assumption is correct, the pair will fall to the level of 1.1320. The level of 1.1647 is critical and stop-loss for...
Current trend Yesterday, silver prices fell significantly, renewing the minimum since May 16, due to the growing dollar and investors’ concerns over the trade conflict between the US and China. After accepting 25 percent fees on Chinese goods worth $50 billion, Donald Trump threatened to introduce an additional 10 percent tariffs on goods worth $200 billion,...
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 (i) 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 0.9914 is critical and stop-loss for this...
The trend is downward. On the 4-hour chart, the 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 is forming as a wave (iv) of v. If the assumption is correct, the pair will fall to the level of 0.7300. The level of 0.7448 is critical and stop-loss...
Current trend Yesterday, AUD decreased against USD, continuing the development of the "bearish" dynamics, formed at the end of last week. Despite USD corrective mood, AUD could not leave the short-term trend. Today, the decline continues, as a result of which the instrument has renewed the lows since June 2017. Traders are focused on RBA Meeting's Minutes and...