The trend is downward. On the 4-hour chart, the fifth wave (5) of the higher level is forming. Now the third wave of the lower level (iii) of i, within which the wave iii of (iii) is forming, is developing. If the assumption is correct, the pair will fall to the level of 0.7500. The level of 0.7894 is critical for this scenario. Main scenario Short positions...
Current trend The pair continued to fall against the background of the publication of weak macroeconomic statistics in Australia. The volume of private sector lending decreased, which led to a decline in business activity. Today, the pair has overcome two significant resistance levels of 0.7760 and 0.7735. However, the USD received strong support from the speech...
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 levels of 1.3020–1.3131. The level of 1.2617 is critical for this scenario. Main scenario Long...
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 entry wave of the lower level (i) of I has formed, and the local downward correction (ii) is ending. If the assumption is correct, the pair will grow to the levels of 110.45–111.30. The level of 105.50 is critical for...
Current trend The rate of NZD fell sharply against USD yesterday, after the speech of the new chairman of the Fed, Jerome Powell, who gave a positive assessment to the steady growth of the US economy, noting that the it is in its best condition over a long period of time. The "hawkish" tone of the Fed Chairman's statements raised fears about four possible rate...
The trend is downward. On the 4-hour chart, the development of upward trend within the first wave (1) of the higher level has ended, and the formation of the downward correction as a wave (2) has begun. Locally the third wave of the lower level iii of A is developing. If the assumption is correct, the pair will fall to the levels of 1.3580–1.3400. The level of...
The trend is downward. On the 4-hour chart, the large downward correction of the higher level is developing as a wave (2) of the higher level. Now the wave A of (2), within which the third wave of the lower level iii of A is developing, is forming. If the assumption is correct, the price will fall to the levels of 1.2170–1.2050. The level of 1.2278 is critical...
NZD/USD, D1 On D1 chart the pair corrected to the middle line of Bollinger Bands. MACD histogram is in the positive area keeping a signal for the opening of long positions. Stochastic is about to cross the border of the oversold area from above after which a signal for the opening of long positions will be formed. NZD/USD, H4 On the H4 chart, the downtrend is...
The pair is in a correction and can grow. On the 4-hour chart, the development of downward trend within the first wave 1 of (3) of the higher level has ended. Now the upward correction is forming as a wave 2 of (3), within which the wave a of 2 has formed, and the wave b of 2 is developing. If the assumption is correct, the pair will grow to the levels of...
The price can decrease. On the 4-hour chart, the fifth wave (5) of the higher level is forming. Now the development of the third wave of the lower level (iii) of i, within which the correctional wave ii of (iii) has ended, has begun. If the assumption is correct, the pair will fall to the level of 0.7500. The level of 0.7900 is critical for this scenario. Main...
Current trend The last week was not easy for the pair. AUD weakness is formed against the backdrop of the RBA's prudent position on monetary policy. Until the end of this week, no significant macroeconomic releases from Australia are planned, so the further trend of the instrument depends on the USD. Today, a number of important macroeconomic publications are...
The pair can grow. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. At the moment the wave iii of 3 is developing, within which the entering momentum of the lower level (i) of iii has formed, and the development of the downward correction (ii) of iii is ending. If the assumption is correct, the pair will grow to the levels of...
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). At the moment the first entering wave of the lower level (i) of I has formed, and the local correction (ii) is ending. If the assumption is correct, the pair will grow to the levels of 110.45–111.30. The level of 105.50 is critical...
Current trend Yesterday US dollar strengthened against Canadian currency due to the positive US employment market data and negative Canadian statistics. However, as the sellers were focused on the stock market yesterday and were active, they weakened USD against its main competitors. US Continuing Jobless Claims reached 1.875 million, which was below the...
The pair can grow. On the 4-hour chart, the fifth wave 5 of (1) of the higher level is developing. Locally the wave v of 5, within which the correction second wave of the lower level (ii) of v has ended, is developing. If the assumption is correct, the pair will grow to the levels of 1.4343–1.4400. The level of 1.3857 is critical for this scenario. Main...
Current trend Yesterday in the evening after FOMC Minutes release, the volatility on the market rapidly grew. USD strengthened against all the main currencies due to the growth of 10-year government bonds’ yield to 2.95%. NZD is weakening against US currency, but the pair is quite stable – the instrument is trading above the level of 0.7300, despite the slowing...
The pair is in a correction, the price can grow. On the 4-hour chart, the development of downward trend within the first wave 1 of (3) of the higher level has ended. Now the formation of the upward correction as a wave 2 of (3), within which the wave a of 2 is developing, has begun. If the assumption is correct, the pair will grow to the levels of 0.9509–0.9612....
The pair can decrease. On the 4-hour chart, the upward correction (4) of the higher level has formed. Now the upward correction (ii) of i of the lower level has ended, and the development of the wave (iii) of I has begun. If the assumption is correct, the pair will fall to the level of 0.7500. The level of 0.7992 is critical for this scenario. Main...