Current trend During the trading session on Wednesday, September, 13, gold prices significantly went down and renewed the lows since the beginning of the month due to the preliminary information that Trumps’ Administration is ready to make public the awaited tax reform. According to unconfirmed reports, the details of the new plan can be disclosed next...
The development the upward correction of the higher level has begun. On the 4-hour chart the development of the fifth wave 5 within the first wave (1) of the higher level has ended. Locally the development of the upward correction as a wave (2), within which the “bullish” momentum is forming as a wave i of A, has begun. If the assumption is correct, the pair will...
The pair can grow. On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the fifth wave of the lower level (v) is developing as a final diagonal triangle, within which the correctional wave iv of (v) is ending. If the assumption is correct, the pair will grow to the level of 0.8200. The level of 0.7872 is critical for...
Current trend During trading session on Tuesday, September, 12, silver prices insignificantly grew and stepped off the local minimum since the beginning of the month. The instrument is trying to enter the upward correction after downward gap opening on Monday due to the fall of the market demand on shelter assets after DPRK refused to test missiles last weekend,...
The trend is downward. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. At the moment the ending fifth wave of this momentum is forming, within it the correction as a wave (iv) has ended, and the development of the wave (v) begins. If the assumption is correct, the pair will fall to the level of 1.1950. The level of...
Current trend The USD/CAD pair is the only one which continued to trade in the downward trend. The restoration of USD is due to the fact the hurricane Irma has brought lesser damage to Florida than expected. In addition, the DPRK didn’t start the missile test last weekend, and the news that North Korea is ready to negotiate gives a hope that a conflict will soon...
The pair can decrease. On the 4-hour chart the upward momentum as a first wave (1) of the higher level, within which the fifth wave 5 has formed as a diagonal, has developed. At the moment the development of the downward correction (2), within which the entering momentum of the lower level (i) of a of (2) is developing, has begun. If the assumption is correct,...
Current trend US dollar is developing corrective dynamics in the short term, updating record-setting minimums in the end of the previous week. The reasons that have put utmost pressure on the instrument include Canadian labor market report. In August Canadian economy grew by 22.2K workplaces which was better than expected by analysts (+19.0K). The level of...
The pair can fall. On the 4-hour chart the fifth wave of the higher level 5 is developing. Locally the third wave iii of 5 of the lower level, within which the wave (iii) of iii is forming, is developing. If the assumption is correct, the price will fall to the levels of 0.9300–0.9200. The level of 0.9593 is critical for this scenario. Main scenario Short...
The growth of the pair is expected. On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the fifth wave of the lower level (v), within which the third wave iii of (v) is forming, is developing. If the assumption is correct, the pair will grow to the levels of 0.8200–0.8300. The level of 0.7957 is critical for this...
Current trend The quotes of NZD/USD grew by 1.76% during the day in view of the weakening US dollar. USD is under pressure from the consequences of Harvey storm that has recently hit the USA. Many major infrastructural facilities were temporarily closed due to the weather which caused the growth of the number of initial jobless claims in the USA. According to...
The trend is downward. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. At the moment the ending fifth wave of this momentum is forming, within it the third wave of the lower level (iii) of v of C is developing as a momentum. If the assumption is correct, the pair will fall to the level of 1.1950. The level of 1.2240...
XAG/USD, D1 On the daily chart the instrument is trading near the upper border of the Bollinger Bands. The indicator is pointed upwards, as the price range is widen, which reflect the development of the current trend. MACD histogram is in the positive zone, its volumes are increasing, keeping a strong buy signal. Stochastic is leaving the overbought area, forming...
The pair is expected to fall. On the 4-hour chart the development of the upward momentum as a third wave of the higher level 3 has ended, and the formation of the downward correction 4 has begun. At the moment the wave a of 4, within which the correction has formed as a wave (ii) of a, is developing. If the assumption is correct, the pair will fall to the level...
Current trend This week the USD/CAD pair continues to fall, despite the increasing statements of USA upon the intention to quit NAFTA. There are enough facts, which reflect the further fall of the pair. Yesterday Fed’s representative Lael Brainard stated that the economy indices will definitely fall due to Harvey hurricane. In addition, the US currency is under...
The trend is upward. On the 4-hour chart the upward momentum as a third wave of the higher level iii is forming. Locally the fifth wave of the lower level (v) is developing, within which the third wave iii of (v) is developing. If the assumption is correct, the pair will grow to the levels of 0.8100–0.8200. The level of 0.7870 is critical for this scenario. Main...
The trend is downward. On the 4-hour chart the fifth wave of the higher level 5 is developing. Locally the upward correction ii of 5 has ended, and the development the third wave iii of 5 of the lower level has begun. If the assumption is correct, the price will fall to the levels of 0.9400–0.9300. The level of 0.9678 is critical for this scenario. Main...
Current trend During yesterday's trading the price of silver grew to the level of 17.93 (approaching 6-month maximums) as safe haven assets continued to attract the investors' attention in view of the current issues around North Korea and increased possibility of a nuclear military conflict. Today the market moved a bit back from yesterday's maximums. The prices...