The trend is downward. On the 4-hour chart the fifth wave of the higher level (5) is developing. Locally the downward momentum is forming as a first wave of the lower level 1 of (5), within which the development of the third wave iii of 1 is ending. If the assumption is correct, the pair will fall to the level of 0.7400 after the end of the correction iv of 1....
Current trend The pair GBP/USD has been stable for several previous days. During Wednesday trading the pound was supported by the reduced number of jobless claims. At the same time, the growth of salary in September slowed down and made up 2.2% like a month before. Yesterday US dollar showed mixed dynamics. Retail sales in the USA grew by 0.2% in October which...
The price can grow. On the 4-hour chart the first wave i is forming within the fifth wave (5) of the higher level. At the moment the development of the downward correction as a wave (iv) of I has ended, and the formation of the fifth wave (v) of I has begun. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3130. The level of 1.2660 is...
The pair is in correction, the fall is possible. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the downward correction is developing as a second wave ii of C, within which the wave (c) of ii is forming. If the assumption is correct, the pair will fall to the level of 111.90. The level of 113.90 is...
Current trend Yesterday Swiss franc significantly grew against US dollar, renewing the maximum of October, 26. The pair decreased due to quite favorable macroeconomic background in Eurozone and the renewed fall of US bonds yield. Investors are waiting for the US inflation data publication, which are supposed to be negative. In addition to strong German data,...
Upward correction is ending. On the 4-hour chart the wave A is forming within the downward correction (2) of the higher level. At the moment the local correction is ending as a fourth wave of the lower level (iv) of v of A. If the assumption is correct, the pair will fall to the levels of 1.1530–1.1470. The level of 1.1853 is critical for this scenario. Main...
Current trend Silver prices showed growth during trading on Monday moving away fromlocal minimums updated at the end of the previous week. The instrument was supported by growing demand for safe haven assets due to the growth of political instability in the UK and uncertain situation around the draft tax reform in the USA. The US currency is supported by resumed...
The trend is upward. 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 developing. At the moment the local correction has ended as a fourth wave iv of C of the lower level. If the assumption is correct, the pair will grow to the levels of 1.0037–1.0100 within the wave v of C. The level of...
The trend is downward. On the 4-hour chart the fifth wave of the higher level (5) is developing. Locally the downward momentum is forming as a first wave of the lower level i of 1 of (5), within which the fifth wave (v) of i is developing. If the assumption is correct, the pair will fall to the level of 0.7550. The level of 0.7694 is critical for this...
Current trend Last week the AUD/USD pair was trading within the sideways channel and slightly grew. The Reserve Bank of Australia didn’t increase the interest rate and kept it on the level of 1.5%. The officials expect the steady economy growth in the next few years and connect the low interest rate with the GDP growth. Today the traders should pay attention to...
The price can grow. On the 4-hour chart the first wave i is forming within the fifth wave (5) of the higher level. At the moment the development of the downward correction as a wave (iv) of I is ending. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3130. The level of 1.2440 is critical for this scenario. Main scenario Long positions...
Current trend Yesterday US dollar significantly decreased against Swiss franc, renewing the minimum of October, 26, after the news upon new difficulties with the US tax reformation implementation. Among all, the markets are discussing the possibility of postponing of the implementation of the cut corporate tax rate. Senators are going to postpone the decision for...
The trend is downward. On the 4-hour chart the wave A is forming within the downward correction (2) of the higher level. At the moment the local correction is developing as a fourth wave of the lower level (iv) of v of A. If the assumption is correct, the pair will fall to the levels of 1.1530–1.1470 after the end of the correction. The level of 1.1686 is...
Current trend The New Zealand dollar rose significantly against the US dollar on Wednesday, hitting a new local maximum since October 24. The reason for the "bullish" dynamics was the corrective mood for the American dollar, as well as quite optimistic RBNZ meeting minutes. As expected, the Central Bank of New Zealand left the interest rate at the previous level...
The trend is upward. 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 developing. At the moment the local correction is ending as a fourth wave iv of C of the lower level. If the assumption is correct, the pair will grow to the level of 1.0100 within the wave v of C. The level of 0.9946...
The pair can fall. On the 4-hour chart the fifth wave of the higher level (5) is developing. Locally the downward momentum is forming as a first wave of the lower level i of 1 of (5), within which the fifth wave (v) of I is developing. If the assumption is correct, the pair will fall to the levels of 0.7600–0.7550. The level of 0.7728 is critical for this...
Current trend Silver continues to slightly strengthen against USD. By now the price has broken down the resistance level of 5/8 Murrey or 16.99. If it consolidates above 17.00, the next target will be 17.18. The demand for silver was caused by the publication by Fitch agency. It stated that Trump’s tax reform was far from being certain and could undergo numerous...
The price can grow. On the 4-hour chart the first wave i is forming within the fifth wave (5) of the higher level. At the moment the development of the correction as a wave (iv) of I has ended. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3130. The level of 1.2697 is critical for this scenario. Main scenario Long positions will...