The probability of the increase remains. Presumably, the higher level wave C is still developing, and within it the first wave i of C is being formed. At the moment, correction is being completed as a wave (iv) of i of C. If the assumption is true, then the price growth will continue to the level of 114.00. The level of 112.19 is critical for this scenario. Main...
Current trend Yesterday the pair USD/CAD strengthened in view of strong macroeconomic report on the US labor market and positive data on the trading balance in the previous month. Moreover, the value of the US industrial orders indicator was above the outlooks, while the trading balance of Canada for the previous month reflected the growth of trading deficiency...
Correction is ending. The pair can grow. On the 4-hour chart the third wave 3 of the higher level is developing, within which the wave iii of 3 is developing. Locally the formation of the downward correction (ii) of iii is ending. If the assumption is correct, the pair will grow to the levels of 1.3660–1.4000. The level of 1.2770 is critical for this...
Current trend On Wednesday the pair XAG/USD reduced in view of the release of positive statistics for USD: Markit services PMI amounted to 55.3 points which was higher than expected (55.1 points) and ISM services PMI also exceeded expectations and made up 59.8 points against 55.5. Strong ADP data on the level of employment in the private sector also had a...
The growth of the pair is expected. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave of the lower level (i) is developing. If the assumption is correct, the pair will grow to the levels of 0.7923–0.7958. The level of 0.7783 is...
Current trend After the repeated test of the support level of 0.7145 the NZD/USD pair was corrected to the area of the middle line of Bollinger Bands (0.7187), but the downward trend maintains. Today and tomorrow there is no key macroeconomic release on New Zealand, so the pair will be affected by the US news. The traders are focused on ADP Employment Change...
The pair can fall within the correction. On the 4-hour chart the development of the fourth wave (4) of the higher level has ended, and the formation of the wave (5) has begun. At the moment the first entering wave of the lower level (i) has formed, and the development to the downward correction as a wave (ii) begins. If the assumption is correct, the pair will...
The price can fall within the correction. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the formation of the downward correction as a wave ii of C has begun. If the assumption is correct, the price will fall to the levels of 111.80–110.95. The level of 113.20 is critical for this scenario. Main...
Current trend Canadian dollar is weakening against the US one; the USD/CAD pair has been moving upwards during three weeks and gained around 20 points on Monday. The growth is due to the US strong macroeconomic data publication: ISM Manufacturing PMI has reached the level of 60.8 points, significantly exceeding the expectations. The index is a key indicator of...
The correction continues. On the 4-hour chart the third wave 3 of the higher level is developing, within it the wave iii of 3 is developing. Locally the downward correction (ii) of iii is forming. If the assumption is correct, the pair will fall to the levels of 1.3200–1.3100. The level of 1.3426 is critical for this scenario. Main scenario Short positions will...
Current trend Last week New Zealand dollar reduced against USD, and the pair lost about 90 points. The fall was mainly explained by the decision of the Reserve Bank of New Zealand to keep interest rates unchanged. Its officials pointed out that until the level of inflation reduces, the direction of RBNZ policies will remain unchanged. These "dovish" tendencies...
Current trend During the trading session on Thursday, September, 28, NZD grew against USD, despite the renewing of the local minimum since September, 5. The US dollar is under pressure due to the technical correction in the end of the week and the controversial information upon the tax reformation, which details were disclosed yesterday. The investors were...
The pair is growing. On the 4-hour chart the development of the fourth wave (4) of the higher level has ended, and the formation of the wave (5) has begun. At the moment the first entering wave of the lower level i, within which the wave (iii) is developing, is forming. If the assumption is correct, the pair will grow to the level of 1.2660. The level of 1.2332...
The trend is upward. The wave C of the higher level, within which the development of the third wave iii has begun, is forming. At the moment the first wave of the lower level (i) of iii has formed, and the local correction (ii) has ended. If the assumption is correct, the price will grow to the levels of 114.30–116.00 within the wave (iii). The level of 111.46 is...
Current trend US dollar updated local maximums against Swiss franc during trading on Wednesday, September 27, but lost a number of gained positions by the moment of closing of the daily session. USD is supported by optimistic forecasts about further tightening of the Fed's monetary policy at the end of 2017. Along with this, investors are cautious before the...
The pair is in correction. The price can decrease. On the 4-hour chart the third wave 3 of the higher level is developing, within it the wave iii of 3 is developing. Locally the first wave of the lower level (i) of iii has formed, and the downward correction (ii) is developing. If the assumption is correct, the pair will fall to the levels of 1.3200–1.3100. The...
Current trend The pair USD/JPY demonstrated growth during trading on Tuesday in view of release of weak data from the USA: the sales of new houses dropped by 3.4% and did not meet the expectations of the investors. The fall of the indicator shows the reduction of stimulation of corresponding industry, service, and labor market sectors which has a negative impact...
The pair is in correction. On the 4-hour chart the downward correction is developing as a fourth wave iv of the higher level. Locally the formation of the wave (a) of iv is ending. If the assumption is correct, the pair will fall to the level of 0.7725 after the end of the upward correction of the lower level (b) of iv. The level of 0.8125 is critical for this...