The pair can decrease within the correction. On the 4-hour chart, the development of the downward correction as a wave 2 of (5) has ended. Now the formation of the third wave 3 of (5), within which the entering momentum of the lower level i of 3 has formed, has begun. If the assumption is correct, the pair will fall to the levels of 1.2470–1.2420 within the...
The trend is downward. On the 4-hour chart, the downward correction of the higher level is forming as a wave (B). Now the wave C of (B), within which the third wave iii of C of the lower level is forming, is developing. If the assumption is correct, the pair will fall to the levels of 106.74–105.55. The level of 110.50 is critical for this scenario. Main...
Current trend Last week the USD/CAD pair was growing due to the weakness of the Canadian dollar, caused by the growth of trade balance deficit in Canada and decrease of Ivey index to the 8-month minimum. The decrease of employment by 88K caused the growth of employment level to 5.9%, which affected CAD negatively, too. US dollar was supported against its main...
The pair can grow. On the 4-hour chart, the fifth wave 5 of (1) of the higher level is developing. Locally the downward correction has formed as a fourth wave of the lower level iv of 5. If the assumption is correct, the pair will grow to the levels of 1.4400–1.4500. The level of 1.3761 is critical for this scenario. Main scenario Long positions will become...
The pair can grow. On the 4-hour chart, the fifth wave 5 of (1) of the higher level is forming. Now the development of the downward correction as a fourth wave iv of 5, taken a shape of a flat (a)(b)(c) with a lengthened wave (c), has ended. If the assumption is correct, the pair will grow to the levels of 1.2540–1.2650. The level of 1.2202 is critical for this...
Current trend The GBP strengthened yesterday against the USD amid the release of the "hawkish" forecast of the Bank of England regarding monetary policy. The regulator favorably assessed the possible GDP growth in the next two years, also stating the possibility of an earlier increase of rates. Having reached the level of 1.4037 at the peak yesterday, the pound...
The trend is downward. On the 4-hour chart, the downward trend within the first wave 1 of (3) of the higher level is developing. At the moment the third wave of the lower level iii of 1 has formed as a momentum, and the upward correction as a wave iv of 1 is developing. If the assumption is correct, the pair will fall to the level of 0.9120 after the end of the...
The pair can decrease. On the daily chart, the upward correction (4) of the higher level has formed. At the moment the development of the fifth wave (5), within which the entering downward momentum of the lower level (i) has formed, has begun. If the assumption is correct, the pair will fall to the level of 0.7500 after the end of the correction (ii). The level...
Current trend The NZD/USD pair is decreasing after the RBNZ interest rate decision. The regulator has kept the rate on the level of 1.75% and added that the tightening of the monetary policy is undesirable. According to officials, the low interest rates will help GDP grow and will give the basic inflation reach the target level. Today the traders are focused on...
The pair can grow. On the 4-hour chart, the development of the downward correction as a wave 2 of (5) has ended. Now the formation of the third wave 3 of (5), within which the development of the entering momentum of the lower level i of 3 is ending, has begun. If the assumption is correct, the pair will grow to the level of 1.2920 after the end of the local...
The pair can grow. On the 4-hour chart, the downward correction of the higher level has formed as a wave 2 of C. Now the development of the third wave 3 of C, within which the first wave of the lower level (i) is forming, has begun. If the assumption is correct, the pair will grow to the level of 111.48. The level of 108.50 is critical for this scenario. Main...
Current trend Yesterday CAD was strengthening against US dollar. This happened despite the weakening of international trade data published by the Statistics Canada and the decline in Ivey's business activity index from 61.0 to 55.2 points. The fall in the pair was largely due to an unexpected increase in the US trade balance deficit; the figure came out worse...
The growth of the pair is expected. On the 4-hour chart, the fifth wave 5 of (1) of the higher level is developing. Locally the formation of the downward correction as a fourth wave of the lower level iv of 5 has ended. If the assumption is correct, the pair will grow to the levels of 1.4400–1.4500. The level of 1.3835 is critical for this scenario. Main...
The growth of the pair is expected. On the 4-hour chart, the fifth wave 5 of (1) of the higher level is forming. Now the development of the downward correction as a fourth wave iv of 5, which has taken a form of a flat (a)(b)(c), has ended. If the assumption is correct, the price will grow to the levels of 1.2650–1.2700. The level of 1.2311 is critical for this...
Current trend The pair continues to trade in a downtrend. The nearest important level of support is at the 0/8 Murray level (1.3916), if it is broken down, the next target will be the level of 1.3855. The decline in the British currency was triggered by the slowdown in the development of the UK economy. The PMI index dropped to 52 points: companies reported that...
The trend is downward. On the 4-hour chart, the downward trend is developing within the first wave 1 of (3) of the higher level. Now the third wave of the lower level iii of 1 has formed as a momentum, and the upward correction is developing as a wave iv of 1. If the assumption is correct, the pair will fall to the level of 0.9120 after the end of the correction....
The pair can fall. On the daily chart, the upward correction (4) of the higher level has formed. Now the development of the fifth wave (5), within which the downward entering momentum of the lower level is forming, has begun. If the assumption is correct, the pair will fall to the level of 0.7500. The level of 0.8133 is critical for this scenario. Main...
Current trend Having reached a local maximum at the end of January, the pair switched to a decline and is currently trading below the psychological level of 0.8000. On the last trading day of the previous week AUD/USD lost more than 100 points due to the publication of positive labor market statistics in the US. The share of labor as well as the unemployment rate...