Current trend At the end of the last week, the pound strengthened against the US dollar despite the fact that data on industrial production in the UK did not reach the forecasts a little (although it turned out to be better than the previous month). In monthly terms, the indicator was 1.3% in January against –1.3% a month earlier (the forecast was 1.5%). In...
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 wave c of 2 is developing. If the assumption is correct, the pair will grow to the levels of 0.9612–0.9710. The level of 0.9465 is critical for this scenario. Main scenario Long positions will become relevant above the level of 0.9465 with...
The growth of the pair is expected. On the daily chart, the first wave 1 within the third wave (3) of the higher level is forming. Now the fifth wave of the lower level v of 1, within which the downward correction (ii) of v of 1 has ended, is developing. If the assumption is correct, the pair will grow to the level of 0.8300. The level of 0.7712 is critical for...
XAG/USD, D1 On the daily chart, the instrument is testing the level of 16.40. The key support is the level of 16.50, the breakout of which will let silver grow to the range of 16.70–16.80. Bollinger Bands are pointed sideways, while the price range decreased, which reflects the change of the upward trend. The nearest strong resistance is the level of 16.27. MACD...
The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave iii of 3 is developing, within which the wave (iii) of iii of the lower level has formed, and the correctional fourth wave (iv) of iii is ending. If the assumption is correct, the pair will grow to the level of 1.3131. The level of 1.2852 is...
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 development of the fifth ending wave of the lower level v of C of (B) has ended, and the formation of the first wave of the lower level within (C) has begun. If the assumption is correct, the pair will grow...
Current trend USD managed to win back the lost ground against JPY after a sharp decline yesterday morning, which was caused by the resignation of one of Donald Trump's key advisers on economic policy, Gary D. Cohn. Rollback of USD occurred against the background of American shares decline which was more gradual than expected, as a result, the pair managed to...
The pair can decrease. On the 4-hour chart, the downward correction is developing as a fourth wave iv of 5 within the first wave (1) of the higher level. Locally the ending wave (c) of iv is forming. If the assumption is correct, the pair will fall to the levels of 1.3680–1.3530. The level of 1.4068 is critical for this scenario. Main scenario Short positions...
The trend is upward. 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 entering momentum is developing as a wave (i) of v, is forming. If the assumption is correct, the pair will grow to the level of 1.2650. The level of 1.2152 is critical for...
The pair can decrease. On the 4-hour chart, the upward correction is developing as a wave 2 of (3) of the higher level. Now the wave a of 2 has formed, and the wave b of 2 is developing. If the assumption is correct, the pair will fall to the level of 0.9270. The level of 0.9417 is critical for this scenario. Main scenario Short positions will become relevant...
The growth of the pair is expected. On the daily chart, the first wave 1 within the third wave (3) of the higher level is forming. Now the fifth wave of the lower level v of 1, within which the downward correction (ii) of v of 1 has ended, is developing. If the assumption is correct, the pair will grow to the level of 0.8300. The level of 0.7712 is critical for...
Current trend Today Australian regulator made the interest rate decision and kept it on the level of 1.5%, as expected. RBA management considers the maintenance of the current monetary policy will help the economy to grow steadily and reach the inflation targets in the long term. US currency is under pressure due to the disagreement of Canada, EU, and China with...
The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave iii of 3, within which the wave (iii) of iii of the lower level is forming, is developing. If the assumption is correct, the pair will grow to the level of 1.3131. The level of 1.2894 is critical for this scenario. Main scenario Long positions...
The pair can decrease. 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 ending wave of the lower level v of C of (B) is developing. If the assumption is correct, the pair will fall to the level of 104.50. The level of 107.66 is critical for this scenario. Main scenario Short positions...
Current trend The US dollar continues to strengthen against the Canadian one. The past week was strong, and the instrument reached the level of three-month highs. The US dollar weakened towards the end of the week in view of Trump's administration move on tariffs for the import of steel and aluminum, which, however, did not have a significant effect on the pair....
The downward correction has ended, the growth of the pair is expected. On the 4-hour chart, the upward trend within the first wave (1) of the higher level is developing. Now the formation of the fifth wave of the lower level v of 5 of (1), within which the entering momentum (i) of v has formed, has begun. If the assumption is correct, the price will grow to the...
Current trend The decrease of GBP stopped due to the weakening of USD, caused by Trump’s Administration decision to imply the per cent steel and aluminum import tariff, which can tighten the USA and China’s trading relationship. American fundamental data were mixed: Personal Income grew by 0.4% but Personal Spending – by 0.2%. The Initial Jobless Claims...
The pair can decrease. On the 4-hour chart, the development of the upward correction as a wave 2 of (3) of the higher level has ended. Now the entering momentum of the lower level i of (i) has formed. If the assumption is correct, the pair will fall to the levels of 0.9324–0.9186. The level of 0.9490 is critical for this scenario. Main scenario Short positions...