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28.01.2020

USD/CAD: wave analysis

The pair reduction is possible.

On the 4-hour chart, the formation of the higher level wave C of (2) is taking place, as part of which an upward correction develops as the fourth wave iv of C. At the moment, wave (a) of iv has formed and if the assumption is correct, then it is logical to expect a decrease in the pair in wave (b) of iv to 1.3095–1.3037. The level of 1.3210 is critical and stop loss for this scenario.

USD/JPY: wave analysis

The pair may grow.

On the daily chart, the first wave of the higher level 1 of (C) is being formed. At the moment, the formation of the lower level wave iii of 1 has begun, as part of which the first wave of the lower level (i) of iii has formed and the downward correction as wave (ii) of iii is being completed. If the assumption is right, the growth of the pair may continue to the levels of 111.00–112.35 after it is complete. The level of 108.62 is critical and stop loss for this scenario.

27.01.2020

AUD/USD: technical analysis

A downtrend is forming on the H4 chart. The instrument is declining sharply, breaking down the lower border of Bollinger Bands; the indicator cloud is expanded, which indicates the likely preservation of the downtrend in the short term. MACD histogram is in the negative zone and gradually building up volumes. The signal line is crossing the body of the histogram from above forming a signal to open sells. Stochastic is about to cross the oversold zone from above, keeping a signal to open short positions.

EUR/USD: wave analysis

The pair may grow.

On the 4-hour chart, the first wave of the higher level (1) of 3 develops, within which the third wave 3 of (1) forms. Now, the first wave of the lower level i of 3 has formed, and a downward correction has developed as the wave ii of 3. If the assumption is correct, the pair will grow to the levels of 1.1300–1.1410. In this scenario, critical stop loss level is 1.0979.

24.01.2020

EUR/USD: Ichimoku clouds

On the daily chart Tenkan-sen line is above Kijun-sen, the lines are 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 (82.80). The closest resistance level is Kijun-sen line (83.70).

USD/CHF: wave analysis

The pair may fall.

On the 4-hour chart, the third wave of the higher level 3 of (3) develops, within which the wave i of 3 forms. Now, the fifth wave of the lower level (v) of i is forming, within which the wave i of (v) has formed, and the local correction ii of (v) has ended. If the assumption is correct, the pair will fall to the levels of 0.9550–0.9500. In this scenario, critical stop loss level is 0.9761.

AUD/USD: wave analysis

The pair may fall.

On the 4-hour chart, the first wave of the higher level 1 of (А) develops, within which the wave iii of 1 forms. Now, a downward correction is developing as the wave (ii) of iii, within which the wave c of (ii) is forming. If the assumption is correct, the pair will fall to the levels of 0.6798–0.6751. In this scenario, critical stop loss level is 0.6880.

23.01.2020

USD/CAD: wave analysis

The pair is in a correction and may grow.

On the daily chart, a downward correction forms as the wave (2), within which the wave C of (2) develops. Now, an upward correction is developing as the wave iv of C, within which the wave (a) of iv has formed. If the assumption is correct, after the correction (b) of iv the pair will grow to the levels of 1.3184–1.3269. In this scenario, critical stop loss level is 1.2953.

USD/JPY: wave analysis

The pair may grow.

On the daily chart, the first wave of the higher level 1 of (C) forms. Now, the wave of the lower level iii of 1 has started to form, within which the first wave of the lower level (i) of iii has formed. If the assumption is correct, after the end of the correction (ii) of iii the pair will grow to the levels of 111.00–112.35. In this scenario, critical stop loss level is 108.62.