The pair can decrease. On the 4-hour chart, the horizontal correction is forming as a fourth wave iv of v within the first wave (1) of the higher level. Now the wave (c) of iv of the lower level is developing. If the assumption is correct, the pair will fall to the level of 1.2135. The level of 1.2314 is critical for this scenario. Main scenario Short positions...
On the 4-hour chart, the instrument is moving towards the lower border Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and histogram’s body downwards, forming a sell signal. Stochastic has crossed the border with the oversold area downwards; the entry signal for the opening of the long positions is forming. Key...
The correction has ended, the pair can grow. On the 4-hour chart, the downward correction has formed as a second wave 2 of (3) of the higher level. Now the reversal of the price is forming. If the assumption is correct, the pair will grow to the levels of 0.7916–0.8140. The level of 0.7645 is critical for this scenario. Main scenario Long positions will become...
The downward correction continues. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the first wave i of 3 has formed, and the downward correction is developing as a wave ii of 3, within which the wave (c) of ii is forming. If the assumption is correct, the pair will fall to the levels of 1.2690–1.2586. The level of 1.2941 is...
The pair can grow. On the 4-hour chart, the downward momentum has formed as a wave C within the correction of the higher level (B). Now the first entering wave of the lower level (i) of i within the wave (C) has formed, and the correction (ii) of I has ended. If the assumption is correct, the pair will grow to the levels of 109.60–110.83. The level of 104.60 is...
On the H4 chart the instrument is trading near the moving average of Bollinger Bands. The indicator is reversing upwards, and the price range remains unchanged, which indicates the preservation of the uptrend. MACD histogram is corrected at the zero mark, the signal for entering the market is not formed. Stochastic has turned upwards at the border of the oversold...
On the daily chart, the pair is trading on the middle MA of the Bollinger Bands. The price remains just above its moving averages that are horizontal. The RSI is testing from below its longer MA. The Composite turned up, having failed its longer MA. Key levels Support levels: 0.7185 (local lows), 0.7150 (March lows), 0.7130 (August 2017 lows). Resistance...
The pair can grow. On the 4-hour chart, the fifth wave v of 5 is forming within the first wave (1) of the higher level. Locally the third wave of the lower level (iii) of v of 5, within which the downward correction iv of (iii) has ended, is developing. If the assumption is correct, the pair will grow to the levels of 1.4350–1.4450. The level of 1.4008 is...
The pair can decrease within the correction. On the 4-hour chart, the upward trend is developing within the first wave (1) of the higher level. Now the fifth wave of the lower level v of 5 of (1), within which the downward correction is developing as a fourth wave (iv) of v, is forming. If the assumption is correct, the pair will fall to the level of 1.2135. The...
The correction is ending. On the 4-hour chart, the formation of the downward correction as a second wave 2 of (3) of the higher level is ending. Now the wave c of 2, within which a wedge is forming, is developing. If the assumption is correct, the pair will grow to the levels of 0.7916–0.8140 after the end it. The level of 0.7610 is critical for this...
The pair can grow. On the 4-hour chart, the upward correction is developing as a wave 2 of (3) of the higher level. Now the formation of the wave c of 2, within which the correction of the lower level (ii) of c is developing, has begun. If the assumption is correct, the pair will grow to the level of 0.9710 after the end of it. The level of 0.9428 is critical for...
Current trend Last week USD grew against GBP. Most of the financial enterprises are closed, and the economic activity is low because of the weekend in the UK on the occasion of Easter celebration. Revival may come only at the end of the day, after the publication of March data on the index of business activity in the US manufacturing sector. The pair is trading...
USD/CHF, D1 On the daily chart, the instrument is trading near the upper border of Bollinger Bands. The indicator is reversing upwards, as the price range has narrowed, which reflects the change of the upward trend. The key resistance is at the level of 0.9577, the breakout of it will give a strong buy signal. MACD is in the positive zone, keeping buy signal....
The pair can decrease. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the first wave i of 3 has formed, and the downward correction is developing as a wave ii of 3. If the assumption is correct, the pair will fall to the levels of 1.2690–1.2586. The level of 1.3009 is critical for this scenario. Main scenario Short positions...
The growth of the pair is expected. On the 4-hour chart, the downward momentum has formed as a wave C within the correction of the higher level (B). Now the first entry wave of the lower level (i) within the wave (C) is forming. If the assumption is correct, the pair will grow to the levels of 109.60–110.83. The level of 104.54 is critical for this...
Current trend Yesterday, USD strengthened against CAD due to the release of strong US GDP data, which exceeded the investors’ expectations and grew from 2.5% to 2.9%. The visit of the leader of North Korea Kim Jong-un to China supports the US currency, too. The experts consider it as an intention of DPRK to start the dialogue with the world society and with USA...
The trend is upward. On the 4-hour chart, the fifth wave v of 5 is forming within the first wave (1) of the higher level. Locally the third wave of the lower level (iii) of v of 5, within which the correction iv of (iii) has ended, is developing. If the assumption is correct, the pair will grow to the levels of 1.4350–1.4450. The level of 1.4025 is critical for...
The pair can grow. On the 4-hour chart, the upward trend within the first wave (1) of the higher level is developing. Now the fifth wave of the lower level v of 5 of (1), within which the third wave (iii) of v is developing, is forming. If the assumption is correct, the pair will grow to the level of 1.2650. The level of 1.2238 is critical for this...