The trend is upward. On the daily chart, the first wave of the higher level 1 of (5) is developing. Now the fifth wave of the lower level v of 1 is forming, within which the third wave (iii) of v is developing. If the assumption is correct, the pair will grow to the level of 1.3500. The level of 1.2946 is critical and stop-loss for this scenario. Main...
The trend is upward. On the 4-hour chart, the upward momentum has formed as a first wave of the higher level 1 of (C), and the local correction 2 of (C) has ended. Now the formation of the wave 3 of (C) has begun, within which the first wave of the lower level i of 3 is developing. If the assumption is correct, the pair will grow to the level of 111.40. The level...
Current trend On Friday, USD strengthened against CHF, as investors are fixing the profit after a significant growth of the pair on Thursday. On Friday, USD was under pressure from President of the United States of America Trump's decision to impose 25% duties on Chinese goods for a total of USD 50 billion. According to The Wall Street Journal, the President...
The pair can grow. On the 4-hour chart, the downward correction of the higher level is developing as a wave (2). Locally the wave A of (2) has formed, and the upward correction of the lower level is developing as a wave B of (2), within which the wave b of B has ended. If the assumption is correct, the pair will grow to the level of 1.3480 within the wave c of B....
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 upward correction is developing as a fourth wave iv of A, within which the wave (a) of iv has formed, and the wave (b) of iv has ended. If the assumption is correct, the pair will grow to the level of 1.1884 within the wave (c) of iv. The level...
Current trend On Thursday, the pair strengthened steadily and grew by more than a hundred points due to the strong dollar. USD was supported by strong May US Sales Data supported USD. It is estimated that sales increased from 0.4% to 0.8%, and Retail Sales increased from 0.4% to 0.9%. Initial Jobless Claims indicator was also positive. It was below the forecasts,...
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 0.9824 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 downward momentum is forming as a wave (iii) of v. If the assumption is correct, the pair will fall to the levels of 0.7400–0.7341. The level of 0.7512 is critical and...
Current trend AUD showed mixed dynamics against USD on Wednesday, finishing the afternoon session at the opening levels. The reason for the ambiguous trading was the Fed's meeting minutes and the head of the regulator Jerome Powell's comments. AUD was supported by speech of RBA’s head Philip Lowe, who focused on the positive trends in the Australian economy,...
The pair can grow. On the daily chart, the first wave of the higher level 1 of (5) is developing. Now the fifth wave of the lower level v of 1 is forming, within which the wave (iii) of v has formed, and the correction (iv) of v is ending. If the assumption is correct, the pair will grow to the levels of 1.3150–1.3300. The level of 1.2847 is critical and...
The pair can fall. On the 4-hour chart, the downward correction of the higher level is developing as a wave 2 of (C). Now the wave b of 2 has formed, and the development of the wave c of 2 begins. If the assumption is correct, the price will fall to the levels of 108.00–107.20. The level of 110.85 is critical and stop-loss for this scenario. Main scenario Short...
Current trend Gold prices declined on Tuesday, interrupting a series of extremely uncertain growth from two consecutive sessions. Reduction of quotations is associated with a moderate growth of USD ahead of the Fed meeting, which is expected to raise the key rate for the second time in 2018. Nevertheless, the greatest interest of investors is caused not by the...
The pair can grow. On the 4-hour chart, the downward correction of the higher level is developing as a wave (2). Locally the wave and of (2) has formed, and the upward correction of the lower level is developing as a wave B of (2), within which the wave b of B is ending. If the assumption is correct, after the end of the wave the pair will grow to the level of...
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 upward correction is developing as a fourth wave iv of A, within which the wave (a) of iv has formed and the wave (b) of iv is developing. If the assumption is correct, in the short term the pair will fall to the levels of 1.1675–1.1635. The...
NZD/USD, D1 On the daily chart, the instrument is growing along the upper border of Bollinger bands; the price range is extended, indicating a possible continuation of growth. MACD histogram is in the negative area, reducing volumes, the signal line is preparing to cross the zero line upwards, after which a buy signal will be received. Stochastic is in 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 local correction has ended as a fourth wave iv of 1, and the development of the wave v of 1 has begun. If the assumption is correct, the pair will grow to the levels of 0.9985–1.0057. The level of 0.9787 is critical and stop-loss for...
The price can decrease. On the 4-hour chart, a downward trend is forming as a first wave 1 of (5) of the higher level. Now the development of the local correction as a fourth wave iv of (1) has ended, and a small entry momentum has formed. If the assumption is correct, the pair will fall to the levels of 0.7477–0.7413. The level of 0.7677 is critical and...
Current trend With the start of the trading week, the Australian dollar is slightly strengthening, at the moment the rate is 0.7606. In general, the global trend remains descending and the key role is played by the low interest rate, which the Reserve Bank of Australia decided to leave unchanged at 1.5%. The country's unemployment rate rose to 5.6% and,...