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 development of the downward correction (iv) has ended. If the assumption is correct, the pair will grow to the level of 0.8100. The level of 0.7810 is critical for this scenario. Main scenario Long positions can be opened above the level of...
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 crossing the price chart from below, current cloud is descending. The instrument is trading around upper border of the cloud. The closest support level is the lower border of the cloud...
USD/CHF, D1 On the daily chart, the pair is trading in the upper Bollinger band. The price remains above the EMA14, EMA65, but below the EMA130 and SMA200 that are directed down. The RSI is growing having failed its longer MA. The Composite is testing its longer MA from below. USD/CHF, H4 On the 4-hour chart, the pair is correcting down from the upper line of...
The decreasing of the pair is expected. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the upward correction iv of C has formed. If the assumption is correct, the pair will fall to the level of 1.2411. The level of 1.2750 is critical for this scenario. Main scenario Short positions can be opened during the...
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 (0.90615). One of the previous maximums of Chikou Span line is expected to...
Current trend Last week silver price reached 2-month highs due to the publication of the USA inflation data, which were lower than expected. Today the growth rate slowed, which can be caused by the slight decrease of the tense between USA and North Korea: the demand on more profitable assets, such as USA stocks and USD, went up. Today due to the lack of key...
The pair can lower. On the 4-hour chart the first wave (1) of the higher level has formed, and the development of the downward correction (2) has begun. Locally the entering momentum i of A of (2) has formed, and the correction ii of A, which is taking a shape of an irregular flat, is ending. If the assumption is correct, the pair will fall to the level of...
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 between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (128.840). The closest resistance level is Kijun-sen line (129.428). On...
Current trend XAU/USD is strengthening due to the poor macroeconomic statistic publication in the USA and political tense between USA and North Korea. Yesterday the Initial Jobless Claims data were published, which were worse than expected: the index grew from 241 to 244K, as the experts supposed the fall to 240K. In addition, the July Producer Price Index...
The pair is falling. On the 4-hour chart the formation of the upward correction as a fourth wave 4 of the higher level has ended, and the development of the fifth wave 5 has begun. Locally the first wave i of 5 of the lower level is forming. If the assumption is correct, the pair will fall to the levels of 0.9500–0.9400. The level of 0.9672 is critical for this...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. 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...
Current trend The quotes of EUR/USD are decreasing today. Euro appeared to be under pressure of negative data on the volume of industrial output in France which reduced by 1.1% in June. Moreover, the fall of the pair was facilitated by the investors’ waiting for tomorrow’s data on CPI. The indicator is expected to grow in July from 0.0% to 0.2% MoM and from 1.6%...
The pair is in correction. The growth is possible. On the 4-hour chart the downward momentum within the wave C of the higher level is developing. Locally the upward correction iv of C, within which the zigzag abc is developing, is forming. If the assumption is correct, locally the pair will grow to the level of 1.2832. The level of 1.2650 is critical for this...
Let's look at the four-hour chart. Tenkan-sen and Kijun-sen lines have merged, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has broken down Tenkan-sen and Kijun-sen lines. The closest support level is the upper border of the cloud (0.89936). One of the previous maximums of...
Current trend Having started to weaken against USD at the end of July, CHF continued this dynamics at the beginning of the current week. The policy of the National Bank of Switzerland, unlike the European Central Bank, is still aimed at the weakening of the national currency, and for this purpose the Bank of Switzerland is ready to use currency interventions. As...
The pair is in correction. On the 4-hour chart the upward trend is developing as a third wave of the higher level 3. At the moment the formation of the local correction as a fourth wave (iv) of v of 3 of the lower level is ending. If the assumption is correct, the pair will grow to the level of 1.2000. The level of 1.1680 is critical for this scenario. Main...
Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span has crossed the price chart from above, 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 Kijun-sen line (1.7730). One of the...
Current trend After the significant growth on Friday the USD/JPY pair is trading within the narrow range. The trend is still downward; the leap in the end of the last week was short termed and was caused by the correction of the price rather than the beginning of the reversal. On Monday the volatility was low due to the lack of macroeconomic releases, as traders...