The pair can grow. The wave C of the higher level, within which the third wave iii of C is forming, is developing. At the moment the development of the correction as a wave (ii) of iii has ended, and the third wave of the lower level (iii) of iii is forming. If the assumption is correct, the pair will grow to the levels of 115.50–116.00. The level of 112.94 is...
Current trend US dollar finished the trading on November 6 against the Canadian currency with a reduction marking a new local minimum since October 25. Monday trading session was the forth in the row of downward correction formed at the beginning of the month. The instrument was under pressure from unstable positions of the US currency due to the absence of new...
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 third wave of the lower level (iii) of v of A is developing. If the assumption is correct, the pair will fall to the levels of 1.1530–1.1470. The level of 1.1686 is critical for this scenario. Main scenario Short positions...
Current trend NZD is showingis developing downward dynamics against US dollar having reached a new local maximum since October 24 last Friday. US labor market report released at the end of the previous week was uncertain but still helped the US currency show growth as a result of the trading session. USD received considerable support from the data on October PMI...
The trend is upward. On the 4-hour chart the upward correction as a wave (2) of the higher level is developing, within it the wave C of (2) is developing. Locally the 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 level of 1.0100 within the wave v of C. The level of 0.9946 is critical for...
The pair can fall. On the 4-hour chart the development of the upward correction as a fourth wave (4) of the higher level has ended, and the formation of the fifth wave (5) has begun. Locally the downward momentum is developing as a first wave of the lower level i of 1 of (5), within which the fifth wave (v) of I is forming. If the assumption is correct, the pair...
Current trend On Thursday the pair USD/CAD was reducing which was caused more by technical correction rather than by the release of macroeconomic indicators. Generally, the US dollar is quite stable against the Canadian currency which is confirmed by continuous growth in the recent weeks. Yesterday traders focused their attention on USD due to the announcement...
Current trend US dollar considerably dropped against Swiss franc on Thursday, moving away from local maximums since the middle of May. Along with this, by the moment of closing of daily session the instrument managed to regain a big share of losses which was caused by locking in profits before the release of the key labor market report in the USA on Friday. USD...
Current trend Today AUD is reducing against US dollar moving away from local maximums updated yesterday. The instrument is under pressure from not so optimistic macroeconomic statistics from Australian and expected strong labor market releases from the USA at 14:30 (GMT+2). AiG PMI dropped from 52.1 to 51.4 points in September which was worse that expected by...
Current trend Today US dollar is falling against yen moving away from local maximums formed after stable 2-day growth. Investors abstain from buying USD in view of important upcoming events that may considerably influence the dynamics of the market. First of all, market players wait for the announcement of the new head of thr Fed at 21:00 (GMT+2). Yesterday...
Current dynamics The US dollar fell against the Canadian dollar, having receded from the local highs of last week. The reason for the negative dynamics was the technical correction. However, it should be noted that on Wednesday the dollar received support from the strong ADP report on employment, reflecting the growth of jobs in the private sector by 235K after...
Current trend The British currency is again rising against the US dollar amid expectations of an increase of the Bank of England’s interest rate for the first time in 10 years. The meeting of the regulator will be held today at 14:00 (GMT+2), and the press conference of its head Mark Carney will start half an hour later. The decision to tighten monetary policy...
Current trend The pair has been growing for four days in a row. Today the reason for the strengthening of NZD was positive data from the employment sector of New Zealand. The level of unemployment made up 4.6% which was 0.1% higher than expected. The level of employment grew by 2.2% and also exceeded expectations. This factor has to stimulate economic growth. The...
Current trend USD showed growth against Swiss franc during trading on Tuesday having restored “bullish” dynamics after considerable corrective reduction at the beginning of the week. By the moment of closing of the daily session the instrument lost a number of positions which was caused by the investors’ cautiousness and waiting for new signals in the...
Current trend Australian dollar dropped considerably against US dollar as a result of trading on Tuesday, moving away from local maximums since October 26 and breaking the development of corrective growth. The pair returned to the level of previous local minimums updated at the end of the previous week, and investors are waiting for the occurrence of new market...
Current trend Australian dollar continues to decrease against USD in view of positive macroeconomic statistics from the USA. Thus, US GDP gained about 3% within the period from July to September. According to Bloomberg economists, growth is mainly determined by strong data on consumer spending that make up about 70% of GDP. In the previous quarter they increased...
The trend is upward. On the 4-hour chart the first wave i within the fifth wave (5) of the higher level is forming. At the moment the third wave (iii), within which the correction is forming as a wave iv of (iii), is developing. If the assumption is correct, the pair will grow to the levels of 1.3000–1.3130 after the end of the correction. The level of 1.2745 is...
The pair can grow. The wave C of the higher level, within which the third wave iii of C is forming, is developing. At the moment the local correction as a wave (ii) of iii, which is taking shape of the irregular flat, is developing. If the assumption is correct, the pair will grow to the levels of 115.00–116.00 after the end of the correction. The level of 112.85...