Downward correction continues. 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 is developing as a wave ii of C. If the assumption is correct, the pair will grow to the level of 1.0036 after the end of the correction. 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 a of 2 is forming as a momentum. If the assumption is correct, the pair will grow to the level of 0.7736. The level of 0.7634 is critical for this scenario. Main scenario Long positions will become relevant during the...
Current trend US currency showed moderate growth against Swiss franc during trading on Friday, marking a new weekly local maximum. However, the “bulls” were unable to remain this high, and by the moment of closing of the daily session the instrument was corrected downwards under the influence of technical factors. US is still supported by optimism about the...
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 wave (iii) of v is developing, is forming. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3100. The level of 1.2714 is critical for this scenario. Main...
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 3 has formed, and the downward correction ii of 3 has ended. If the assumption is correct, the pair will grow to the levels of 114.50–114.95. The level of 112.00 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. Now the first wave of the lower level i of C, within which the development the fifth wave (v) of i has begun, is forming. If the assumption is correct, the pair will fall to the levels of 1.1700–1.1650. The...
Current trend In December GBP against USD was trading in the downward trend, growing due to strong UK background and falling again. The pair reached the level of 1.3300 and reversed upwards. Yesterday despite another USA Fed interest rate increase to 1.5%, which the traders have considered, US currency began to fall significantly due to restricted comments of...
Current trend The pound dropped against US dollar during yesterday’s trading updating a local minimum since November 28. As before, GBP was under pressure from the news about Brexit and negotiations around it. Yesterday Michelle Barnier, chief EU negotiator, pointed out that the final trade agreement between the UK and the EU was unlikely to be signed by the...
The pair can grow. On the 4-hour chart the first wave of the higher level 1 of (5) is developing. Now the fifth wave of the lower level v of 1 is forming, within it the wave (i) of v has formed. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3100 after the correction (ii). The level of 1.2620 is critical for this scenario. Main...
The trend is upward. On the 4-hour chart the wave C of the higher level, within which the third wave 3 of C is forming, is developing. Now the first wave of the lower level i of 3, within which the correction (iv) has ended, is developing. If the assumption is correct, the pair will grow to the levels of 114.50–114.95. The level of 113.09 is critical for this...
Current trend Last week the AUD/USD pair lost around 100 points and reached its 6-month minimum. The poor GDP growth and significant decrease of trade surplus in Australia affected the instrument negatively, as November US Nonfarm Payrolls does not contradict with Fed’s monetary policy plans. The investors expect the interest rate growth during tomorrow meeting...
The pair can fall. On the 4-hour chart the downward correction is forming as a wave (2) of the higher level. Now the wave C of (2) is forming, within it the first wave of the lower level i of C is forming. If the assumption is correct, the pair will fall to the levels of 1.1710–1.1650. The level of 1.1813 is critical for this scenario. Main scenario Short...
Current trend The US dollar traded in different directions against the Canadian dollar on Friday, December 8, having updated the local maximum. Published on Friday, the November report on the US labor market provided the USD with only a minor support, as a number of indicators (salary growth for example) fell short of market expectations. At the same time, NFPR...
The probability of a price increase remains. Within the 4-hour timeframe, the development of an upward correction continues as a high-level wave (2). At the moment, apparently, the wave C of (2) is forming, within which the first wave of lower level i of C develops. If the assumption is true, then the pair will continue to grow to 1.0000. The level of 0.9862 is...
The downward trend is in force. On the H4 chart the fifth higher-level wave (5) is developing, within which a downward impulse is formed as the first wave 1 of (5). Locally, apparently, the development of the fifth wave of the lower level v of 1 has ended, within which the wave (i) of v has ended too. If the assumption is true, then after correction (ii), the...
Current trend Silver prices dropped during yesterday’s trading updating a local minimum since July 14. The reason for the strengthening of “bearish” activities was considerable growth of USD across the market in response to optimistic news about the US tax reform. In the middle of the week it was announced that the Republican Party of the US Senate agreed for...
The decreasing of the pair is expected. On the 4-hour chart the downward correction as a wave 2 of (5) is developing. Now the formation of the upward correction of the lower level as a wave b of 2 has ended. If the assumption is correct, the pair will fall to the level of 1.2575. The level of 1.2908 is critical for this scenario. Main scenario Short positions...
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. Now the first wave of the lower level i of 3, within which the wave (iii) is forming, is developing. If the assumption is correct, the pair will grow to the levels of 114.50–114.95. The level of 111.98 is critical for...