Current trend The New Zealand dollar continued its strengthening against the US dollar, having reached the best price indicators for the last two months. The pair NZD/USD demonstrates growth for the 6th day in a row. Yesterday's strengthening, against the backdrop of the lack of important economic releases from New Zealand, was largely due to the fall in the...
The pair can grow. On the 4-hour chart the upward correction is developing as a second wave 2 of (5) of the higher level. Locally the wave c of 2, within which the momentum is developing, is forming. If the assumption is correct, the pair will grow to the level of 0.7813. The level of 0.7762 is critical for this scenario. Main scenario Long positions will...
The price can fall. On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave C of (2) is forming. At the moment the downward correction of the lower level as a wave ii of C is developing, within which the “bearish” momentum is forming as a wave (c) of ii. If the assumption is correct, the pair will fall to...
Current trend Silver prices showed moderate growth in trading on Tuesday, December 26, and during the morning session on December 27 managed to update the local maximum since the end of November. The instrument is supported by rather weak position of the US currency, which is sluggishly responding to the macroeconomic statistics published in the US. Additional...
The pair is in correction. The fall is possible. On the 4-hour chart the correction is developing as a wave 2 of (5), taking the shape of a flat. At the moment the development of the wave b of 2 as a widening horizontal triangle has ended, and the wave c of 2 is forming, within which a momentum is forming. If the assumption is correct, the pair will fall to the...
The trend is upward. 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. At the moment the first wave of the lower level (i) of iii, within which the correction iv of (i) has ended, is forming. If the assumption is correct, the pair will grow to the levels of 114.00–114.73. The level of...
Current trend During the trading session after holidays, the USD/JPY pair almost has not changed in comparison with the end of the last week. Today’s the head of Bank of Japan speech did not impress the investors. In the speech, it was said that the Japanese economy is moderately growing. However, the inflation level is far from the target value of 2%, so the...
The pair is in correction, the fall is possible. On the 4-hour chart the upward correction has formed as a wave B of the higher level. Locally the wave C, within which the upward correction ii of C is forming, is developing. If the assumption is correct, the price will fall to the levels of 1.3218–1.3030 after the end of the correction. The level of 1.3543 is...
The pair can fall. On the 4-hour chart the downward correction is forming as a wave (2) of the higher level, within which the wave C of (2) is developing. At the moment the local correction has ended as a second wave of the lower level ii of C. If the assumption is correct, the pair will fall to the levels of 1.1735–1.1650. The level of 1.1901 is critical for...
Current trend US dollar dropped considerably against Canadian currency, marking a new local minimum since December 6. The reason for the development of “bearish” tendencies was general weakening of the US currency in view of resumed reduction of returns on US bonds as well as the release of uncertain macroeconomic statistics from the USA. In turn, Canadian...
The growth of pair is expected. On the 4-hour chart the upward correction is developing as a wave (2) of the higher level, within which the wave C of (2) is forming. Now the downward correction of the lower level as a wave ii of C has ended. If the assumption is correct, the pair will grow to the levels of 0.9977–1.0036 within the third wave. The level of 0.9828...
The pair can grow. On the 4-hour chart the upward correction is developing as a second wave 2 of (5) of the higher level. Locally the wave c of 2 is forming, within which the first wave (i) of c has formed. If the assumption is correct, the pair will grow to the level of 0.7813. The level of 0.7652 is critical for this scenario. Main scenario Long positions...
Current trend Yesterday US dollar strengthened against Swiss franc in view of the tax reform bill passed by both Houses of the US Congress. The only thing left now is the signature of President Trump. USD was also supported by strong sales data in the secondary housing market. The indicator increased by 5.6% while the economists expected growth by no more than...
The pair can grow. On the 4-hour chart the first wave of the higher level 1 of (5) is developing. At the moment the fifth wave of the lower level v of 1, within which the downward correction (iv) of v is ending, is forming. If the assumption is correct, the pair will grow to the levels of 1.2957–1.3100 after the end of the correction. The level of 1.2714 is...
The trend is upward. 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. At the moment the third wave iii of 3, within which the first wave of the lower level (i) of iii is developing, is forming. If the assumption is correct, the pair will grow to the levels of 114.73–115.77. The level of...
Current trend Yesterday the USD/CAD pair insignificantly strengthened. The instrument was supported by strong US housing market release, so it reached its highs in December, breaking the strong psychological level of 1.2900. However, the price began to fall after the tax reformation draft low meet the procedural error in US Senate, which has postponed the...
The pair is in correction. The fall is possible. On the 4-hour chart the downward correction is forming as a wave (2) of the higher level, within which the wave C of (2) is developing. At the moment the local correction is forming as a second wave of the lower level ii of C. If the assumption is correct, the pair will fall to the levels of 1.1735–1.1650 after the...
Current trend NZD slightly dropped against US dollar during yesterday’s trading, although it was trading in the green around the local maximums of last Friday for the whole day. The currency of New Zealand was under pressure from growth market concerns that the new US tax reform bill may have a huge impact on the growth of the economy. Still, the very fact of...