Current trend Yesterday GBP weakened against USD. The decrease peaked during the beginning of the US trading session, but by the end of the day, the instrument restored part of the losses. The volatility is high at the end of the month and a quarter, which usually is accompanied by the corrections of the positions and the increase in the money flows. Despite the...
The pair can decrease. On the 4-hour chart, the upward correction has developed as a wave 2 of (3) of the higher level. Now the formation of the third wave 3 of (3), within which the first wave of the lower level (i) of i has formed, has begun. If the assumption is correct, after the end of the correction (ii) of i the pair will fall to the levels of...
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 development of the wave 3 of (3) has begun, within which the first wave of the lower level i of (i) has formed, and the correction ii of (i) has ended. If the assumption is correct, the pair will grow to the levels of 0.7916–0.8140....
Current trend On Monday, the AUD/USD pair strengthened due to the weakening of US dollar. Now the struggle of two largest worlds economic influences the market the most. USA and China are officially in a state of a trading war. Australis is sensible to macroeconomic processes in China, so its intention to overcome the differenced peacefully supports AUD....
The pair is in a correction. The fall is possible. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave of the lower level iii of 3 has ended, and the downward correction iv of 3 is developing. 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...
The trend is downward. On the 4-hour chart, the downward momentum is forming as a wave C within the correction of the higher level (B). Now the fifth wave v of C, within which the correction (iv) of v of the lower level is ending, is developing. If the assumption is correct, the pair will fall to the levels of 104.50–104.00. The level of 106.62 is critical for...
Current trend Prices for silver rose at the end of last week and today they continued to grow. The market was mostly exerted by the increased tension between the US and China: the introduced tariffs on Chinese exports and the subsequent retaliatory measures of China can definitely lead to a full-fledged trade war between the two largest world economies. In view...
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 is developing. If the assumption is correct, the pair will grow to the levels of 1.4350–1.4450. The level of 1.4070 is critical for this scenario. Main scenario Long positions will...
The pair can grow. 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 development of the wave (iii) of v has begun, is forming. If the assumption is correct, the pair will grow to the level of 1.2650. The level of 1.2280 is critical for this...
Current trend Yesterday the market was focused on BoE Interest Rate Decision. The regulator kept the rate on the level of 0.5%, but its two members, Ian McCafferty and Michael Saunders, voted for the increase to 0.75%, which gives the traders hope for the possibility of growth on the meeting in May. The UK Retail Sales indicator grew by 0.8% MoM and by 1.5% YoY,...
The decreasing of the pair is expected. On the 4-hour chart, the upward correction has developed as a wave 2 of (3) of the higher level. Now the formation of the third wave 3 of (3) has begun. If the assumption is correct, the pair will fall to the levels of 0.9335–0.9180. The level of 0.9569 is critical for this scenario. Main scenario Short positions will...
The growth of the pair is expected. On the 4-hour chart, the downward correction has formed as a second wave 2 of (3) of the higher level. Now the development of the wave 3 of (3), within which the first wave of the lower level i of (i) has formed, has begun. If the assumption is correct, the pair will grow to the levels of 0.7916–0.8140. The level of 0.7670 is...
Current trend The NZD/USD pair strengthened after Fed’s press conference. Yesterday the US and New Zealand regulators released the interest rates decisions. The market ignored the tightening of US monetary policy, as it was expected, and focused on Fed’s head Jerome Powell speech. The main reason for USD weakening was the commentary that it is too early to...
The pair is in a correction. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave of the lower level iii of 3 has ended, and the downward correction iv of 3 is developing. If the assumption is correct, the pair will grow to the levels of 1.3300–1.3500 after the end of the correction. The level of 1.2790 is critical for...
The trend is downward. On the 4-hour chart, the downward momentum is forming as a wave C within the correction of the higher level (B). Now the fifth wave v of C, within which the formation of the wave (iii) of v of the lower level has begun, is developing. If the assumption is correct, the pair will fall to the levels of 104.50–103.50. The level of 106.62 is...
Current trend Yesterday CAD strengthened against USD due to the growth of oil prices and Wholesale Sales. The index has exceeded the expectations and has gone up by 0.1%, reflecting the growth of Retail Sales and consumption volumes, which, after the decrease in the indicator by 0.5% last month, was positive for the Canadian currency. The pair was corrected to...
The pair can grow. On the 4-hour chart, the downward correction has developed as a fourth wave iv of 5 within the first wave (1) of the higher level. Locally the first wave of the lower level (i) of v of 5 has formed. If the assumption is correct, after the end of the correction (ii) of v the pair will grow to the levels of 1.4280–1.4350. The level of 1.3850 is...
The correction is ending; the growth of the pair is expected. 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) is forming, within which the entering momentum has formed as a wave (i) of v, and the downward correction (ii) is ending. If the assumption is correct,...