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07.07.2020

XAG/USD: Murrey analysis

On Monday, the pair made another attempt to break above the reversing level of 18.35 ([6/8]), but again failed and returned to the central Murrey channel. Currently, quotes are testing the central level of 17.96 ([4/8]), the breakdown of which will give the prospect of further downward correction to 17.73 ([3/8], the lower line of Bollinger Bands) and 17.57 ([2/8]).

NZD/USD: technical analysis

On the H4 chart, the uptrend is still in force; the downward correction is observed. The instrument is trading around the center line of Bollinger Bands; the indicator cloud is narrowing, and a lateral trend is likely to form in the short term. MACD histogram is in the positive zone preserving a steady signal for opening long positions. Stochastic is in the neutral zone, and the lines of the oscillator are directed downwards. The sell signal remains.

USD/CHF: wave analysis

The pair is falling.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 1 of (3) forms. Now, the third wave of the lower level (iii) of 1 is developing, within which a local correction has ended as the wave iv of (iii), and the wave v of (iii) is forming. If the assumption is correct, the pair will fall to the levels of 0.9323–0.9170. In this scenario, critical stop loss level is 0.9530.

AUD/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level (1) of C develops, within which the wave 3 of (1) formed. Now, a local correction has developed as the fourth wave 4 of (1), shaped as a triangle, and the formation of the fifth wave 5 of (1) has started. If the assumption is correct, the pair will grow to the levels of 0.7200–0.7400. In this scenario, critical stop loss level is 0.6831.

EUR/CHF: Ichimoku clouds

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 is below the price chart, current cloud is descending. 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 level (1.0634). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.0693).

AUD/CAD: 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 below 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 (0.9421). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.9455).

EUR/NZD: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the blue line is directed downwards, while the red one remains horizontal. Confirmative line Chikou Span is crossing the price chart from above, current cloud is ascending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (1.7172). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7291).

06.07.2020

GBP/AUD: 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 below the price chart, current cloud is ascending. The instrument is trading below Tenkan-sen and Kijun-sen lines; the Bearish trend is still strong. The closest support level is Tenkan-sen line (1.7722). The closest resistance level is Kijun-sen line (1.7965).

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 (1.8835). The closest resistance level is Kijun-sen line (1.9108).

EUR/GBP: 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 around lower border of the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (0.8933). The closest resistance level is the upper border of the cloud (0.9108).