The pair can fall. On the 4-hour chart, the downward correction of the higher level is forming as a wave 2 of C. Now the downward momentum is developing as a wave c of 2, within which the fifth wave (v) of c is forming. If the assumption is correct, the pair will fall to the level of 108.20. The level of 109.80 is critical for this scenario. Main scenario Short...
Current trend As a result of yesterday's trading, the Canadian dollar strengthened slightly against the US one. The nearest support level is at the level of 1.2298 (Murrey ), and resistance is at 1.2359. The demand for the Canadian currency was fueled yesterday by the statement of the US president regarding the North American Free Trade Agreement and the words...
The upward trend is developing. On the 4-hour chart the fifth wave 5 of (1) of the higher level is developing. Locally the upward momentum is forming within the wave iii of 5. If the assumption is correct, the pair will grow to the levels of 1.4400–1.4500. The level of 1.4179 is critical for this scenario. Main scenario Long positions will become relevant...
The trend is upward. On the 4-hour chart the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. At the moment the upward momentum within the wave (c) of v is forming. If the assumption is correct, the price will grow to the levels of 1.2500–1.2550. The level of 1.2354 is critical for this scenario. Main scenario Long...
Current trend The pair GBP/USD has been growing for the past two days, trading near the highs of June 2016. Yesterday, the pound strengthened against the dollar amid a decline in net borrowings of the public sector in the UK: the indicator made up 0.979 billion pounds which was lower than expected. The slowdown in the growth of net borrowing is a favorable...
The pair can grow. On the 4-hour chart the development of the downward correction of the higher level as a wave B is developing. At the moment the formation of the wave C, within which the small entering momentum i has formed, is developing. If the assumption is correct, the pair will grow to the level of 0.9841. The level of 0.9535 is critical for this...
The trend is upward. On the 4-hour chart the upward correction of the higher level is developing as a wave (4). Locally the upward momentum within the fifth wave of the lower level v of C of (4), within which the wave (iii) of v is developing, is forming. If the assumption is correct, the pair will grow to the levels of 0.8124–0.8170. The level of 0.7950 is...
Current trend Yesterday the NZD/USD pair grew due to the suspending of US federal offices work, while the market reaction was quite restrained. However, if the government does not return to a normal operating mode in the nearest future, the pair can strengthen to the level of 0.7500. The situation reflects the high level of political uncertainty and prevents Fed...
The pair can grow. On the 4-hour chart the development of the downward correction as a wave 2 of (5), shaped as flat, has ended. At the moment the formation of the third wave 3 of (5), within which the first wave of the lower level (i) has formed, and the correction (ii) has ended, has begun. If the assumption is correct, the pair will grow to the level of...
The trend is downward. On the 4-hour chart the downward correction of the higher level is forming as a wave 2 of C. At the moment the downward momentum is developing as a wave c of 2, within which the fifth wave (v) of c is forming. If the assumption is correct, the pair will fall to the levels of 110.14–109.68. The level of 111.23 is critical for this...
Current trend Last Friday, 19 January, the NZD showed a decline against the US Dollar. The American currency was growing amid almost empty economic calendar and despite uncertainty regarding federal government funding in the US. The NZD, in its turn, got under some pressure after a publication of data on the Business PMI in New Zealand. In December, the index...
The decreasing of the pair is expected. On the 4-hour chart the development of the fifth wave 5 of (1) of the higher level has ended. Locally the formation of the downward correction of the higher level as a wave (2) has begun. If the assumption is correct, the pair will fall to the levels of 1.3733–1.3650 and below. The level of 1.3943 is critical for this...
The pair can grow. On the 4-hour chart the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. At the moment the fifth wave v of 5 is forming, within which the wave (c) of v is developing. If the assumption is correct, the price will grow to the level of 1.2400. The level of 1.2167 is critical for this scenario. Main...
NZD/USD, D1 On the daily chart, the pair is growing along the upper border of Bollinger Bands; the price range is widened, which reflects the possibility of development of the upward trend. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is crossing the border of the overbought area downward, forming a signal...
The trend is downward. On the 4-hour chart, the downward correction of the higher level is developing as a wave B. Now the wave c of B, within which the fifth wave of the lower level (v) of c is developing, is forming. If the assumption is correct, the pair will fall to the level of 0.9500. The level of 0.9665 is critical for this scenario. Main scenario Short...
The trend is upward. On the 4-hour chart, the upward correction of the higher level is developing as a wave (4). Locally the upward momentum is forming within the fifth wave of the lower level v of C of (4). If the assumption is correct, the pair will grow to the levels of 0.8060–0.8124. The level of 0.7940 is critical for this scenario. Main scenario Long...
USD/CHF, D1 On the daily chart, the instrument is in the correction in the lower part of Bollinger Bands. The indicator is pointed downwards, while the price range is widening, which reflects the development of the current trend. MACD is in the negative zone, keeping strong sell signal. Stochastic is leaving the oversold area, forming a strong buy...
The pair can grow. On the 4-hour chart, the development of the downward correction as a wave 2 of (5), shapes as a flat, has ended. Now the formation of the third wave 3 of (5) has begun, within which the first wave of the lower level (i) has formed, and the correction (ii) has ended. If the assumption is correct, the pair will grow to the level of 1.2920. The...