Current trend During yesterday's trading the prices of AUD/USD dropped to 0.7925 after the reduction of demand for high risk assets due to the growing geopolitical tension. Today the pressure on the pair kept growing as investors reacted to the comments of Deputy Head of the Reserve Bank of Australia Michelle Bullock. She pointed out that high level of...
The growth of the pair is expected. On the 4-hour chart the development of the downward momentum C within the fourth wave (4) of the higher level has ended. At the moment the first entering wave of the lower level within the fifth wave (5) is forming. If the assumption is correct, the pair will grow to the level of 1.2660. The level of 1.2245 is critical for this...
The pair is in correction. The fall is possible. The wave C of the higher level, within which the development the first wave i has ended, is forming. At the moment the local correction as a wave ii is forming. If the assumption is correct, the price will fall to the level of 110.00. The level of 112.53 is critical for this scenario. Main scenario Short...
USD/JPY, D1 On the daily chart, the instrument is trading at the top of the Bollinger Bands. The indicator is directed upwards, while the price range has expanded, which serves as the basis for the continuation of the downward trend. The MACD histogram is in the positive area, keeping a strong buy signal. Stochastics left the overbought area, forming a strong...
The probability of growth is still high. On the four-hour chart, the third wave of the 3rd level is developing. Locally, apparently, the third wave of lower level iii of 3 is formed, within the framework of which the correction as a wave (iv) was completed. If the assumption is true, then the pair's growth will continue to 1.3800. The level of 1.3437 is critical...
Current trend The pair NZD/USD is declining after Fed’s protocols. The "hawkish" mood of the American regulator was a surprise for market participants, as economic reports are clearly at variance with the Fed's position. The main signal for strengthening of the dollar was a statement about the firm intention of the Fed to raise the rate once more this year. In...
The probability of growth of the pair remains. On the four-hour chart, the development of the upward correction continues as a wave (2) of the higher level. Locally, apparently, the wave A of (2) is forming, within which the third wave of the lower level iii of A is developing. If the assumption is true, then the pair growth will continue to the levels of...
Current trend The quotes of AUD/USD are falling under the influence of growing US dollar and today's statement by the RBA head Philip Lowe. He believes it is impossible to increase the interest rates in the near future as it would have a negative impact on the whole Australian banking system and on the welfare of Australian citizens. Also the pair is under...
The upward trend is in force. Presumably, the higher level C wave is forming, within the framework of which the first wave i is developing. At the moment, the third wave of the lower level (iii) of i is forming. If the assumption is true, it is logical to expect the pair to rise to 114.00-114.50. The level of 111.13 is critical for this scenario. Main...
Current trend As a result of Tuesday trading the positions of CAD against USD almost did not change. After growth in the beginning of the week the pair traded in the narrow range. During the day CAD made consolidation attempts, but the reduction of oil prices and production deliveries prevented it from finishing them. The release of mixed indicators in the US...
The upward trend is in force. The daily chart continues to develop an uptrend within the third wave (3) of the higher level. Locally, apparently, the third wave iii of 3 of (3) of the lower level is forming. If the assumption is true, then the pair's growth will continue to the levels of 1.3700-1.4000. The level of 1.3266 is critical for this scenario. Main...
Current trend On Monday, the pair XAG/USD continued its decline, breaking the support level at 17.20. The prices for silver are under pressure on the eve of the upcoming meeting of the Fed on the monetary policy. The US economy suffered a lot in September from hurricanes Harvey and Irma, so it will be difficult for the regulator to estimate the real rates of...
The pair is expected to continue growing. On the four-hour chart, the development of the fifth wave 5 was supposedly completed within the first wave (1) of higher level. Local development of an upward correction as a wave (2) has begun, within the framework of which a "bullish" impulse as a wave i of A has formed, and the development of a downward correction ii...
Current trend On Friday after the release of negative data on retail sales (-0.2%) and industrial output volume (-0.9%) in the USA the price of the pair rose to 1.1985 but then was corrected and is currently trading near the middle line of Bollinger Bands at 1.1940. Currently investors are cautious waiting for the results of the Fed's meeting on Wednesday....
The probability of growth remains. Presumably, the higher level C wave is still forming, as the first wave i is developing within it. At the moment, a third wave of lower level (iii) of i is being formed. If the assumption is true, it is logical to expect the growth of the pair to the level of 112.30. The level of 109.55 is critical for this scenario. Main...
Current trend Yesterday the pair USD/CAD traded in both directions. The US currency was supported by the release of strong macroeconomic data on the labor market and CPI in the USA. However after some time the pair moved to decrease in view of new information that North Korea is about to test an inter-continental missile with a nuclear warhead. Along with that,...
The trend is upward. On the daily chart the upward trend within the third wave (3) of the higher level is developing. Locally the third wave of the lower level iii of 3 of (3) is forming. If the assumption is correct, the pair will grow to the levels of 1.3700–1.4000. The level of 1.3140 is critical for this scenario. Main scenario Long positions can be opened...
The fall of the pair is expected. On the 4-hour chart the development of the upward momentum as a first wave (1) of the higher level has ended, and the formation of the downward correction (2) has begun. At the moment the entering momentum of the lower level i of A of (2) is developing. If the assumption is correct, the pair will fall to the levels of...