Current trend Today, the pair is showing correctional growth, which in the absence of any important data from New Zealand is determined by the technical factors. The price remains in the region of its December 2017 lows, having been showing decline for the last 3 weeks. The US Fed left an interest rate unchanged at 1.75% yesterday. Investors’ expectations of a...
Upward trend is strong. Assumingly, an upward impulse in the first wave 1 of (C) of the higher level continues forming. At present, the third wave of the lower level iii of 1 seems to be developing, within which a local correction (iv) of iii is forming. If the assumption is correct, after the correction ends the pair continues growing towards the levels of...
Pair is in correction, fall possibility remains. Assumingly, an upward trend continues in the third wave of the higher level 3. At present, the third wave of the lower level iii of 3 seems to be forming, within which an impulse in wave (i) of iii has formed and a downward correction in wave (ii) of iii is developing. If the assumption is correct, pair’s fall will...
Current trend The pair continues to move in the side channel. On Tuesday, the Canadian dollar was supported by GDP growth by 0.4% in February: the indicator, which shows the overall state of the Canadian economy, exceeded the forecast by 0.1%. The Manufacturing PMI in Canada went below the forecast, reaching 55.5 points. Nevertheless, this result indicates a...
Downward trend is strong. Assumingly, an upward impulse in wave (1) of the higher level had finished and a downward correction (2) has started. At present, wave A of (2) seems to be developing, within which the third wave of the lower level iii of A is forming. If the assumption is correct, pair’s fall will continue towards the level of 1.1700, and possibly...
Current trend USD grew significantly against JPY yesterday, offsetting the "bearish" trend of the end of the last week, when the pair managed to retreat from local highs. Pressure on the yen on Monday was excerted by closed markets in Japan, as well as a general decline in investor interest in safe haven assets on the background of warming relations on the...
Upward trend is strong. Assumingly, an upward impulse in the first wave of the higher level 1 of (3) continues developing. At present, the third wave of the lower level iii of 1 seems to be forming, within which wave (iii) of iii of 1 is developing. If the assumption is correct, the pair continues growing towards the levels of 0.9985, 1.0050. Critical for this...
Fall possibility remains. Assumingly, a downward correction in the second wave of the higher level 2 of (3) continues forming. At present, wave c of 2 seems to be developing, within which the first wave of the lower level (i) of c of 2 and correction (ii) have finished. If the assumption is correct, the pair continues falling in wave (iii) of c towards the level...
Current trend The AUD/USD pair continues trading in a Bearish trend, having reached its lowest levels since December 2017. Last week, the American currency strengthened amid a publication of strong macroeconomic data on the labour market, GDP and Personal Consumption Expenditure. In addition, the US Dollar is supported by easing of tensions on Korean Peninsula....
Upward trend is strong. Assumingly, an upward impulse in the first wave 1 of (C) of the higher level continues forming. At present, the third wave of the lower level iii of 1 seems to be developing, within which a local correction (iv) of iii is forming. If the assumption is correct, the pair continues growing towards the levels of 110.82, 112.07. Critical for...
Fall possibility within correction. Assumingly, an upward trend continues developing in the third wave of the higher level 3. At present, the third wave of the lower level iii of 3 seems to be forming, within which an impulse in wave (i) of iii had formed and a downward correction in wave (ii) of iii had started. If the assumption is correct, the pair is expected...
Current trend USD is corrected against the JPY at the end of the current trading week, but remains near its three-month highs. USD is under pressure of technical factors of fixing profits and American ten-year bonds yield, recently overcoming the psychological mark of 3%. A confident growth of JPY was hampered by mixed macroeconomic statistics from Japan. Tokyo...
The pair can grow within a correction. On the daily chart, the upward momentum has formed as a first wave (1) of the higher level. Locally the development of the downward correction as a wave (2) has begun, within which the entering momentum of the lower level (i) of I has formed, and an upward correction as a wave (ii) of I can develop. If the assumption is...
The pair can decrease. On the 4-hour chart, the horizontal correction is forming as a fourth wave (4) of the higher level, which has taken a form of a flat. Now the downward momentum is developing as a wave C of (4), within which the fifth wave v of C is forming. If the assumption is correct, the pair will fall to the level of 1.2055 and possibly further. Main...
On the 4-hour chart, the instrument is moving within the sideways channel, formed by the middle line and the lower border of Bollinger Bands. Key levels Resistance levels: 1325.80, 1328.15, 1330.60, 1334.70, 1340.50, 1343.85, 1346.80, 1352.30, 1357.00. Support levels: 1322.30, 1317.50, 1315.50, 1312.70, 1307.00, 1302.90. Trading tips Long positions can be...
The trend is upward. On the daily chart, the development of the downward correction of the higher level as a wave (2) has ended, and the formation of the wave (3) has begun. Now the wave the first wave 1 of (3) is forming, within which the third wave of the lower level (iii) of iii of 1 is developing. If the assumption is correct, the pair will grow to the levels...
The pair can grow within the correction. On the 4-hour chart, the downward correction is forming as a second wave 2 of (3) of the higher level. Now the wave c of 2 is developing, within which the first wave of the lower level (i) of c of 2 has ended. If the assumption is correct, in the short term the pair can grow within the correction to the level of 0.7690...
The price can decrease. On the daily chart, the upward correction has formed as a wave (B) of the higher level. Now the development of the wave (C) has begun, within which the first wave of the lower level i of 1 has formed as a wedge, and the correction ii of 1 has ended. If the assumption is correct, the price will fall to the levels of 1233.90–1203.08 within...