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18.11.2019

XAU/USD: wave analysis

The pair is in a correction, a fall is possible.

On the daily chart, an upward trend forms as the third wave of the higher level iii of C of (B). Now, a local correction is developing as the fourth wave of the lower level (iv) of iii, within which the wave c of (iv) is forming. If the assumption is correct, the pair will fall to the levels of 1412.74–1378.45. In this scenario, critical stop loss level is 1516.80.

USD/CHF: wave analysis

The pair may fall.

On the 4-hour chart, an upward correction of the higher level formed as the second wave ii of 1, and the formation of the third wave iii of 1 started. Now, the first wave (i) of iii has formed as a diagonal, the local correction (ii) of iii has ended, and the development of the wave (iii) of iii has started. If the assumption is correct, the pair will fall to the levels of 0.9717–0.9656. In this scenario, critical stop loss level is 0.9980.

CAD/CHF: 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 has broken through Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (0.7469). The closest resistance level is the upper border of the cloud (0.7531).

AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud has reversed from ascending to descending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (73.795). One of the previous maximums of Chikou Span line is expected to be a resistance level (74.388).

15.11.2019

EUR/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 between Tenkan-sen and Kijun-sen lines. The closest support level is Tenkan-sen line (1.7260). The closest resistance level is Kijun-sen line (1.7290).

GBP/CAD: 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 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 (1.7055). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7100).

AUD/USD: technical analysis

On the H4 chart, the instrument is trading in the lower part of Bollinger Bands. The indicator is pointing down, and the price range has expanded, indicating a continuation of the downtrend. MACD histogram is in the negative zone keeping a strong sell signal. Stochastic is approaching the overbought zone, a sell signal can be formed within 1-2 days.

FDAX: technical analysis

A lateral trend has formed on the H4 chart. The instrument is trading in the narrow channel formed by the borders of Bollinger Bands; the price range is narrowed, which indicates the probable preservation of the lateral trend in the short term. MACD histogram is close to the zero level; the signal line is moving horizontally along the zero level without generating a clear signal to enter the market. Stochastic crosses the border of the overbought zone from below, the oscillator lines are directed upwards.

USD/CAD: wave analysis

The pair is in a correction and may grow.

On the 4-hour chart, a downward correction of the higher level formed as the wave ii of 1 of (3), and the development of the third wave iii of 1 of (3) started. Now, the first wave of the lower level (i) of iii has formed, and the development of the local correction (ii) of iii has started. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 1.3349–1.3450. In this scenario, critical stop loss level is 1.3041.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, the third wave iii within the first wave of the higher level 1 of (C) develops. Now, the first wave of the lower level (i) of iii of 1 has formed, the local correction has ended as the wave (ii) of iii, and the development of the wave (iii) of iii has started. If the assumption is correct, the pair will grow to the levels of 110.50–111.00. In this scenario, critical stop loss level is 107.86.