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14.10.2019 - 08.10.2019

USD/CAD: wave analysis

The pair may grow.

On the 4-hour chart, the third wave of the higher level (3) develops, within which a correction ended as the wave ii of 1 of (3). Now, the wave iii of 1 is developing, within which the local correction (ii) of iii has ended, and the third wave (iii) of iii is forming. If the assumption is correct, the pair will grow to the levels of 1.3450–1.3564. In this scenario, critical stop loss level is 1.3205.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, the first wave 1 within the started wave (C) of the higher level develops. Now, the first wave of the lower level i of 1 of (C) has formed, and the local correction ii of 1 has ended, which has reached the correctional the level of 50%. If the assumption is correct, the pair will grow to the levels of 109.35–112.32. In this scenario, critical stop loss level is 106.44.

AUD/CAD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from above, 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 Tenkan-sen line (0.8967). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.8976).

EUR/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, 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 (117.16). The closest resistance level is Kijun-sen line (117.51).

GBP/NZD: Ichimoku clouds

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 (1.9215). The closest resistance level is Kijun-sen line (1.9467).

EUR/GBP: Ichimoku clouds

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 above Tenkan-sen and Kijun-sen lines; the Bullish trend is still strong. The closest support level is Tenkan-sen line (0.8951). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9000).

XAU/USD: Fibonacci analysis

On the 4-hour chart, the price tests 1504.60 (correction of 61.8%), however, it still cannot breakout it since the downward oncoming fan is exerting pressure on the quotes. After the breakout of the fan and consolidation above 1515.00 (correction 76.4%), the price may grow to 1531.00 (correction 100.0%). Otherwise, the decline will resume to 1488.50 (correction 38.2%), 1478.50 (correction 23.6%) and 1462.00 (correction 0.0%). Technical indicators generally reflect the possibility of short-term growth. The MACD histogram is increasing in the positive zone. Stochastic is pointing upwards.

NZD/USD: technical analysis

On the H4 chart, the instrument consolidated above the moving average of Bollinger Bands. The indicator is reversing sideways and the price range has reduced, which indicates the change of the uptrend. MACD histogram is in the positive zone keeping a weak buy signal. Stochastic is approaching the overbought area; a strong sell signal can be formed during 1-2 days.