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06.07.2020

AUD/USD: technical analysis

An uptrend is forming on the H4 chart. The instrument is testing the upper border of Bollinger Bands for a breakout; the indicator cloud is expanding, the preservation of the uptrend is likely in the short term. The MACD histogram is in the positive area, gradually increasing volumes; the signal line moves horizontally crossing the body of the histogram. Stochastic is on the border of the neutral zone with the overbought zone; the oscillator lines are horizontal. The buy signal is preserved.

XAU/USD: wave analysis

The price may grow.

On the 4-hour chart, an upward correction of the higher level develops as the wave (B), within which the fifth wave v of C of (B) forms. Now, the fifth wave of the lower level (v) of v is developing, within which a local correction has ended as the wave iv of (v), and the development of the wave v of (v) has started. If the assumption is correct, the price will grow to the levels of 1810.00–1830.00. In this scenario, critical stop loss level is 1756.26.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, the upward wave C of the higher level develops, within which the first wave 1 of (1) of C formed, and a correction developed as the wave 2 of (1). Now, the first entry wave of the lower level (i) of i of 3 is developing, within which the wave v of (i) is forming. If the assumption is correct, the pair will grow to the levels of 108.60–109.84. In this scenario, critical stop loss level is 107.30.

GBP/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 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 (133.27). One of the previous maximums of Chikou Span line is expected to be a resistance level (136.38).

03.07.2020

CAD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, both lines are directed upwards. Confirmative line Chikou Span has crossed the price chart from below, 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 (78.937). One of the previous maximums of Chikou Span line is expected to be a resistance level (79.626).

EUR/NZD: 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 crossing the price chart from above, current cloud is ascending. 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 (1.7089). The closest resistance level is Tenkan-sen line (1.7266).

GBP/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 descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. One of the previous minimums of Chikou Span line is expected to be a support level (1.6871). The closest resistance level is Tenkan-sen line (1.6948).

FTSE: technical analysis

On the H4 chart, a lateral trend has formed. The instrument is trading within the narrow channel formed by the lines of Bollinger Bands; the indicator cloud is narrowed, the preservation of the lateral trend is possible in the short term. MACD histogram is near the zero level, its volumes are minimal; the signal line moves horizontally without forming a clear signal to enter the market. Stochastic left the overbought zone, having formed a signal to open sell orders.

NZD/USD: wave analysis

The pair may grow.

On the 4-hour chart, the upward wave A of (B) develops, within which the third wave of the lower level iii of A forms. Now, a local correction has ended as the wave (iv) of iii, and the wave (v) of iii is forming, within which the wave iii of (v) is developing. If the assumption is correct, the pair will grow to the levels of 0.6751–0.6972. In this scenario, critical stop loss level is 0.6384.