The pair can fall. On the 4-hour chart, the downward correction of the higher level has formed as a wave 2 of C. Now the formation of the wave 3 of C, within which the first wave of the lower level (i) is developing, has begun. If the assumption is correct, the pair will grow to the level of 113.40. The level of 110.15 is critical for this...
Current trend The market is waiting for the Bank of Canada interest rate decision at 17:00 (GMT+2), and most of the investors expect the growth to 1.25%, which will strengthen CAD. The general strengthening Canadian economy due to the growth of GDP, Retail Sales, and Consumer Price Index, support the rate increase. However, BOC still has some variants, supposing...
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) begins. If the assumption is correct, the pair will fall to the levels of 1.3631–1.3568 and further. The level of 1.3837 is critical for this...
The decreasing of the pair is expected. On the 4-hour chart, the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. Now the fifth wave v of 5, within which the wave (a) of v has ended, is forming. If the assumption is correct, the price will fall within the wave (b) of v to the levels of 1.2120–1.2070. The level of 1.2323...
GBP/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 the upward trend development. MACD histogram is in the positive zone, keeping the steady signal to open long positions. Stochastic is in the neutral zone near the border of the overbought zone, the signal...
The pair can fall. 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 (v) of c is developing, is forming. If the assumption is correct, the pair will fall to the level of 0.9570. The level of 0.9653 is critical for this scenario. Main scenario Short positions will become...
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 0.8050–0.8124. The level of 0.7900 is critical for this scenario. Main scenario Long...
Current trend Prices for silver significantly increased at the trading on January 12, offsetting the decline throughout the past week. The instrument was supported by news from Germany, which further weakened the US currency. According to German media reports, Angela Merkel's party managed to reach an agreement with the Social Democrats (SPD) on the formation of...
The pair can grow. On the 4-hour chart, the development of the downward correction as a wave 2 of (5), shaped as a flat, has ended. Now 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 begun. If the assumption is correct, the pair will grow to the level of 1.2920. The level of...
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 wave c of 2, within which the downward momentum is developing, is forming. If the assumption is correct, the pair will fall to the level of 110.13. The level of 111.69 is critical for this scenario. Main scenario Short positions will become...
Current trend Yesterday Canadian dollar strengthened against US one due to poor Consumer Price Index and Initial Jobless Claims releases. It caused the fall of US government bonds yield and increased the negative affection on the currency. CAD was supported by the growth of oil prices by 1% and the increase of Canadian bonds yield. Today US Retail Sales release...
The pair is in a correction and can fall. On the 4-hour chart, the fifth wave is forming 5 as a diagonal triangle within the first wave 1 of the higher level. Now the development of the third wave iii of 5 has ended, and the downward correction as a wave iv of 5 is forming, within which the decrease within the wave (c) of iv to the levels of 1.1903–1.1860 is...
The correction has ended, 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 of the lower level, within which the downward correction (iv) of v has ended, is forming. If the assumption is correct, the pair will grow to the levels of 1.3657–1.3700 within the wave (v) of v. The level of 1.3457...
Current trend New Zealand dollar is growing against USD and it has renewed the 3-month maximum. Yesterday the NZD/USD pair grew by 0.48% due to the weakness of US dollar, caused by political tense and threats of trading war from China. According to Bloomberg, it is intended to decrease the volume of US bonds purchase rapidly, which can lead to the collapse of...
The pair can fall. On the 4-hour chart, the downward correction of the higher level is developing as a wave B. Now the wave c of B is developing, within which the upward correction (iv) of c has ended, and the formation of the fifth wave (v) of c has begun. If the assumption is correct, the pair will fall to the level of 0.9655. The level of 0.9843 is critical...
Current trend Yesterday New Zealand dollar was moderately growing against US one and renewed maximum since October 17. However, the instrument could not consolidate at the new highs. By the end of the trading session, the pair has returned to red zone due to expectations of the further Fed’s interest rate growth in 2018. In the morning, the pair is trading in...
The pair can grow. On the 4-hour chart the wave (C) of the higher level, within which the formation of the wave 3 of C has begun, is developing. Now the wave iii of 3, within which the correctional second wave of the lower level (ii) of iii has ended, is forming. If the assumption is correct, the pair will grow to the level of 114.73. The level of 112.03 is...
The growth of the pair is expected. On the 4-hour chart the development of the downward correction as a wave 2 of (5), shaped as flat, has ended. Now the formation of the third wave 3 of (5), within which the first wave of the lower level (i) is developing, has begun. If the assumption is correct, the pair will grow to the levels of 1.2660–1.2920. The level of...