The pair can grow. On the 4-hour chart, the upward momentum has formed as a first wave 1 of (C) of the higher level. Now the downward correction has ended as a wave 2 of (C). If the assumption is correct, the price will grow to the level of 111.40. The level of 108.35 is critical and stop-loss for this scenario. Main scenario Long positions will become relevant...
Current trend USD showed a decline against CHF on Wednesday, being under the pressure of weak macroeconomic statistics on the US GDP in Q1 2018. In addition, personal consumption expenditures price index was worse than expected. According to the report, in Q1 2018 the indicator grew only by 2.3% QoQ with the expected growth of +2.5% QoQ. Published on Wednesday,...
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 development of the upward correction of the lower level as a wave B of (2) begins. If the assumption is correct, the price will grow to the levels of 1.3472–1.3645. The level of 1.3226 is critical and...
XAU/USD, D1 On the daily chart, the instrument is moving sideways within the channel formed by the lower border and the midline of Bollinger bands. MACD histogram is in the negative area, keeping the signal to open short positions. Stochastic is in the neutral zone, its lines are directed downward. XAU/USD, H4 On the 4-hour chart, the instrument moves within a...
The pair is in a correction, the price can fall. On the 4-hour chart, the upward momentum is developing as a first wave of the higher level 1 of (3). Now the third wave of the lower level iii of 1 has formed, and the local correction iv of 1 is developing. If the assumption is correct, the pair will fall to the levels of 0.9819–0.9744. The level of 0.9979 is...
The price can fall. On the 4-hour chart, the downward trend is forming as a first wave 1 of (5) of the higher level. Now the local correction has ended as a wave iv of 1, and the development of the fifth wave v of 1 has begun. If the assumption is correct, the pair will fall to the level of 0.7340. The level of 0.7595 is critical and stop loss for this...
Current trend This week, NZD/USD is trading within a limited price range due to the lack of significant releases. USD is vulnerable due to the complicated EU-US trade negotiations. On June 1, 25% tax on steel and aluminum, supplied to the US from EU, will be implied. This week, US Secretary of Commerce Wilbur Ross and EU Trade Commissioner Cecilia Malmstrom will...
The pair can grow. On the 4-hour chart, an upward trend is developing within the third wave of the higher level 3. Now the development of the local correction as a wave (ii) of iii has ended, and the formation of the wave (iii) of iii has begun. If the assumption is correct, the pair will grow to the levels of 1.3126–1.3300. The level of 1.2825 is critical and...
The pair can fall. On the 4-hour chart, the upward momentum has formed as a first wave 1 of (C) of the higher level. Now the downward correction is developing as a wave 2 of (C), within which the price will fall to the level of 108.01. The level of 109.83 is critical and stop loss for this scenario. Main scenario Short positions will become relevant during the...
Current trend NZD today grows against USD, recovering from a moderate decline of the previous week. The growth of NZD is promoted by technical correction factors, while the markets in the US are closed on the occasion of Memorial Day. Traders continue to focus on US-China trade relations, which have intensified recently with the threat of growing into a...
The pair can grow within the correction. 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, within which the development of the fifth wave v of A has ended. If the assumption is correct, the pair will grow to the levels of 1.3548–1.3707. The level of 1.3293 is critical and...
XAG/USD, D1 On the daily chart, the instrument is traded between the upper border and the middle line of Bollinger bands. MACD histogram is in the zero line area, keeping the minimum volume, the signal line is directed horizontally. Stochastic is in the neutral zone, the oscillator lines are directed upwards. XAG/USD, H4 On the 4-hour chart, the instrument...
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 third wave of the lower level iii of 1 has formed, and the local correction iv of 1 is ending. If the assumption is correct, the pair will grow to the levels of 1.0137–1.0190. The level of 0.9884 is critical and stop-loss for this...
The price can fall. On the 4-hour chart, the downward trend is forming as a first wave 1 of (5) of the higher level. Now the third wave of the lower level iii of 1 has formed, and the local correction is forming as a wave iv of 1. If the assumption is correct, the pair will fall to the level of 0.7340. The level of 0.7605 is critical and stop-loss for this...
Current trend This week, the instrument demonstrates mixed dynamics, consolidating near a strong support level of 0.6915. The minutes of the Fed meeting published yesterday testifies to the intention of the regulator to raise rates in June. At the same time, the number of rate hikes was not reflected in the text of the minutes, so the market reacted to the key...
The pair can grow. On the 4-hour chart, the upward trend is developing within the third wave of the higher level 3. Now the third wave of the lower level iii of 3 is forming, within which the development of the local correction as a wave (ii) of iii has ended, and the formation of the wave (iii) of iii has begun. If the assumption is correct, the pair will grow...
The pair is in a correction and can grow. On the 4-hour chart, the upward momentum is forming as a first wave 1 of (C) of the higher level. Now the third wave of the lower level iii of 1 has formed, and the local correction is ending as a wave iv of 1. If the assumption is correct, after the end of the correction the pair will grow to the level of 112.07. The...
Current trend NZD fall against the US dollar, balancing the growth of the end of last week when the instrument stepped off the December lows. The investors are still focused on the US-China trade relations. On Tuesday, the concrete steps of the parties to ease tension were revealed. Since July 1, China is going to rapidly reduce import fees on American cars and...