The pair is falling. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. At the moment the fifth ending wave of this momentum is forming, within which the third wave of the lower level (iii) is developing as a momentum. If the assumption is correct, the pair will fall to the level of 1.2250. The level of 1.2424 is...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.91651). The closest resistance level is Tenkan-sen line (0.91844). On the daily...
Current trend After reaching local maximum at the level of 1.2065 EUR has been falling for the third day. At the moment the price is 1.1899. The demand on the US dollar is due to the statements that Trump’s tax reform can be reviewed in the House of the Representatives. According to Trump, the cut of income tax for the US companies can increase competitiveness...
The growth of pair is expected. On the 4-hour chart the upward momentum is forming as a third wave of the higher level iii. 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 0.8100–0.8200. The level of 0.7860 is critical for this...
Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span has crossed the price chart from below, current cloud is going to reverse from descending to ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the...
Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is going to reverse from descending to ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is...
USD/CHF, D1 On the daily chart, the pair is trading just above the lower line of Bollinger Bands. The price remains below its moving averages that are directed down. The RSI is falling, having broken down its longer MA. The Composite is testing its August support. USD/CHF, H4 On the 4-hour chart, the pair is trading on the middle MA of Bollinger Bands. The...
The decreasing of the pair is expected. On the 4-hour chart the development of the upward momentum as a third wave of the higher level 3 has ended. At the moment the formation of the downward correction as a wave 4 has begun. If the assumption is correct, the pair will fall to the level of 1.1690. The level of 1.2070 is critical for this scenario. Main...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument has broken through the cloud and is still rising. The closest support level is the upper border of the cloud (0.9970). One of the previous maximums of Chikou Span line...
Current trend Today on the trading session euro price grew up to the level of 1.2070 due to outflow of the investors into shelter assets against the growth of geopolitical tense around North Korea. According to news reports, North Korea fired missile over Sea of Japan. The missile of the unknown type has crossed the territory of Japan. The EUR against USD has...
The trend is downward. On the 4-hour chart the fifth wave of the higher level 5 is developing. Locally the first wave i of 5 of the lower level has formed as a diagonal. If the assumption is correct, the pair will fall to the level of 0.9400 and lower after the end of the correction ii of 5. The level of 0.9700 is critical for this scenario. Main scenario Short...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen...
Current trend The US dollar has significantly weakened against Swiss franc and is now trading at the level of 0.9566. The nearest support level is at 0.9521. The fall is due to investors’ doubts if the head of Fed Janet Yellen will be re-elected for the second term, which means that the regulator’s policy can change fundamentally. According to preliminary data,...
The pair is falling. 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) is developing. If the assumption is correct, the pair will fall to the level of 1.2411. The level of 1.2537 is critical for this...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. One of the previous minimums of Chikou Span line is expected to be a support level...
Current trend Yesterday, the New Zealand dollar continued to weaken against the US dollar. The pair reached the level of 0.7200, where it suspended the fall. On Wednesday, NZD/USD fell by almost one percent after the New Zealand government cut its economic growth forecasts ahead of next month's elections. “Kiwi” also felt pressure at the beginning of the session...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (1.6220). The closest resistance level is Tenkan-sen line (1.6360). On...
Current trend At the beginning of this week, important data on the Visitor Arrivals was released in New Zealand. Both indicators came out weak. The number of visitors was the lowest since 2011 which is a very negative factor for the economy as tourism makes up more than 10% of the country’s GDP. In addition, the Economic Forecast that was published yesterday...