The trend is downward. Locally the pair is in correction. On the H4 chart a downward impulse is developing within wave C of the higher level. Locally the third wave of the lower level (iii) of iii of C seems to have formed, and upward correction (iv) started to develop. If the assumption is correct, after it is finished the pair may continue to fall to the level...
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 (129.70). The closest resistance level is Tenkan-sen line (130.05). On...
Current trend Yesterday the Fed announced its decision on the interest rate. As expected, the value of 1.25% remained unchanged, but the cautious tone of the follow-up statement disappointed the investors that started to aggressively sell USD. As a result, the pair USD/JPY lost 100 points. At the same time, the US regulator still considers it possible that...
Current trend Gold is showing growth today in view of negative assessment of yesterday's Fed meeting. The regulator kept the interest rate unchanged on the level of 1.25% which together with acknowledged low level of inflation and uncertainty about the terms of increasing the rates and the beginning of balance reduction disappointed the investors and caused...
The trend is upward. The fifth wave 5 of the higher level is developing in the H4 chart. Locally the third wave of the lower level (iii) of iii of 5 seems to be developing, within which the growth of the price is expected to continue to the level of 1.3350. A critical level for this scenario is 1.3000. Main scenario Buy positions may be opened from corrections,...
Current trend Since the beginning of the week the pair has been in the narrow trading range 0.7443-0.7415 that currently coincides with Bollinger Bands. The calmness in the market is caused by waiting for today's Fed's meeting. The majority of experts do not believe in changes in the interest rate. Taking into account the fall of inflation in June (from 1.9% to...
The pair is correcting. On the H4 chart the formation of the downward trend as the third wave 3 of the higher level is likely to continue. Locally, the fifth wave v of 3 is developing, within which the third wave (iii) of v has formed, and the formation of the upward correction (iv) has started. If the assumption is correct, after its completion the pair is...
Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. 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. One of the previous minimums of Chikou Span line is expected to be a support...
Current trend The pound starts to gain strength against USD after a rapid fall in the middle of July in view of decreased demand for the US currency and positive fundamental data from the UK last week. US releases on the contrary indicate the weakening of the main sectors of the economy. Thus, the released data on the labor market and key indexes were weak again....
Current trend The AUD/USD pair has been growing almost without a retrace for three weeks and has reached the levels of May, 2015. The pair has gone up by more than 400 points. Today there is no significant stats from Australia to be published, and the investors should pay attention to the Australian inflation indicators, which will be published on Wednesday,...
XAG/USD, D1 On the daily chart the instrument has broken the middle line of Bollinger Bands upwards and continued to grow. MACD histogram is in the negative zone; the signal line is outside the histogram’s body and is reversing towards the zero line. Stochastic has crossed the border with the overbought zone upwards and is growing. XAG/USD, H4 On the 4-hour...
The trend is upward. On the 4-hour chart the fifth wave 5 of the higher level is forming. At the moment the third wave iii of 5 is developing, within it has formed the wave (i) and ended the downward correction (ii). If the assumption is correct, the pair will grow to the level of 1.3350 within the wave (iii). The level of 1.2929 is critical for this...
Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from above, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is crossing the price chart from below, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the upper border of...
Current trend The dynamics of the Japanese currency against USD shows the growth of demand for low-risk assets. Within less than two trading weeks yen gained over 300 points against USD due to the growth of investor interest and weak macroeconomic statistics for USD. FOMC monetary policy is often said to contradict current fundamental situation. Therefore,...
XAU/USD, D1 On the daily chart, the instrument is growing towards the upper line of Bollinger Bands. The price remains above its moving averages that turned horizontally. The RSI is growing having broken out its longer MA. The Composite is testing its strong resistance. XAU/USD, H4 On the 4-hour chart, the instrument is trading above the upper line of Bollinger...
The trend is downward. On the 4-hour chart the downward trend as a third wave 3 of the higher level is forming. Locally the fifth wave v of 3 is developing, within it the third wave (iii) of v of the lower level is developing. If the assumption is correct, the pair will fall to the levels of 0.9400–0.9350. The level of 0.9618 is critical for this scenario. Main...
Current trend As the majority of currencies, the pound strengthened against USD, although less than commodity currencies. However, the pair GBP/USD successfully broke through the important psychological level of 1.3000 and reached 10-month maximum. It was to a great extent facilitated by negative factors weakening USD, such as weak inflation and labor market...
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 descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (145.780). The closest resistance level is the upper...