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19.08.2019 - 13.08.2019

FDAX: technical analysis

On the 4-hour chart, a downward movement correction is observed. The instrument is trading around the middle line of Bollinger bands, the indicator cloud is expanded, which indicates the likely resumption of decline after the completion of the correction. The MACD histogram is in the negative area, keeping a signal to open short orders. Stochastic keeps a steady signal to open buy positions, the oscillator lines are pointing upwards and are preparing to cross the border of the overbought zone.

American Express Co.: wave analysis

The price may fall.

On the 4-hour chart, the wave A of the higher level developed, within which the wave 5 of (5) formed. Now, the development of a downward correction of the higher level as the wave B is beginning, within which the first wave of the lower level i of 1 of (A) of B is forming as a widening diagonal. If the assumption is correct, the price will fall to the levels of 113.90–108.08. In this scenario, critical stop loss level is 129.40.

Boeing Co.: wave analysis

The price may fall.

On the daily chart, the third wave of the higher level 3 developed, and the formation of the downward correction as the wave 4 began. Now, the wave (A) of 4 is developing, within which the fifth wave of the lower level 5 of (A) is forming. If the assumption is correct, the price will fall to the levels of 292.93–253.61. In this scenario, critical stop loss level is 381.96.

USD/CHF: wave analysis

The pair is in a correction and may grow.

On the 4-hour chart, the third wave of the higher level iii of 3 of (3) develops, within which the first wave (i) of iii formed. Now, an upward correction is developing as the wave (ii) of iii, within which the wave c of (ii) is forming. If the assumption is correct, the pair will grow to the levels of 0.9838–0.9871. In this scenario, critical stop loss level is 0.9705.

AUD/USD: wave analysis

The pair may grow.

On the daily chart, a correction of the higher level develops as the second wave 2 of (5), within which the wave b of 2 formed. Now, the development of the wave c of 2 is beginning, within which the first entry wave of the lower level i of (i) of c and the correction ii of (i) have formed. If the assumption is correct, the pair will grow to the levels of 0.7080–0.7205. In this scenario, critical stop loss level is 0.6674.

CAD/CHF: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed downwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is descending. The instrument is trading around lower border of the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (0.7284). The closest resistance level is the upper border of the cloud (0.7364).