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07.07.2020

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.

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.

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.

03.07.2020

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.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level (1) formed, and a downward correction developed as the wave (2), shaped as irregular flat. Now, the development of the third wave (3) has started, within which the entry wave of the lower level i of 1 of (3) has formed. If the assumption is correct, the pair will grow to the levels of 1.2880–1.3150. In this scenario, critical stop loss level is 1.2250.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, a downward correction of the higher level developed as the wave (2), and the formation of the wave (3) started, within which the third wave of the lower level iii of 1 of (3) develops. Now, a local correction has ended as the wave (iv) of iii, and the wave (v) of iii is developing, within which the formation of the wave iii of (v) is starting. If the assumption is correct, the pair will grow to the levels of 1.1495–1.1605. In this scenario, critical stop loss level is 1.1180.

02.07.2020

USD/JPY: technical analysis

On the H4 chart, a lateral trend is forming. The instrument is consolidating at the center line of the Bollinger Bands; the indicator cloud is narrowing and it is likely that lateral trend will persist in the short term. The MACD histogram is in the positive area with its volumes decreasing; the sell signal is losing its relevance. Stochastic has crossed the boundary of the neutral zone with the oversold zone from below, having formed a signal to open long positions.

USD/CHF: wave analysis

The pair may fall.

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 formation of the wave v of (iii) is starting. 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.