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05.06.2020

NZD/USD: technical analysis

On the H4 chart, the uptrend is very strong. The instrument is at the upper border of Bollinger Bands; the indicator cloud is expanded, which indicates the preservation of growth in the short term. MACD histogram is in the positive zone preserving a steady signal for opening long positions. Stochastic is crossing the overbought zone boundary from below, keeping a signal to open long positions.

USD/CAD: wave analysis

The pair may fall.

On the 4-hour chart, the third wave of the higher level (3) develops, within which a downward correction develops as the second wave 2 of (3). Now, the wave c of 2 is developing, within which the wave (v) of c is forming. If the assumption is correct, the pair will fall to the levels of 1.3400–1.3300. In this scenario, critical stop loss level is 1.3576.

USD/JPY: wave analysis

The pair may grow.

On the 4-hour chart, an upward wave C of the higher level develops, within which the first wave 1 of (1) of C formed, a correction developed as the wave 2 of (1), and the formation of the wave 3 of (1) began. Now, the first entry wave of the lower level i of 3 has formed, the local correction ii of 3 has ended, and the wave iii of 3 is developing. If the assumption is correct, the pair will grow to the levels of 110.75–111.80. In this scenario, critical stop loss level is 108.20.

04.06.2020

NZD/USD: technical analysis

On the H4 chart, there is a correction of the upward movement. The instrument is trading in the area of the upper border of Bollinger Bands; the indicator cloud is expanded, which indicates the preservation of growth in the short term. MACD histogram is in the positive zone, the signal line is crossing the body of the histogram from below, forming a signal for opening buy orders. Stochastic left the overbought zone and is in the neutral zone, the oscillator lines are directed horizontally.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, the development of the descending fifth wave of the higher level 5 of (C) of V completed and the formation of the first wave (1) began, in which the wave 1 of (1) was formed and the wave 2 of (1) developed. At the moment, the first entry wave of the lower level i of 3 of (1) is being formed, as part of which the development of wave (iii) of i continues. If the assumption is right, the growth of the pair will continue to the levels of 1.2700–1.2800. The level of 1.2461 is critical and stop-loss for this scenario.

EUR/USD: wave analysis

The pair may grow.

On the H4 chart, the development of the downward correction of the higher level as wave (2) has completed and the formation of wave (3) has begun, which includes the development of wave 1 of (3). At the moment, the third wave of the lower level iii of 1 is forming, as part of which wave (iii) of iii is developing. If the assumption is right, the growth of the pair will continue to the levels of 1.1350–1.1490. The level of 1.1109 is critical and stop-loss for this scenario.

03.06.2020

USD/JPY: technical analysis

On the 4-hour chart, an uptrend is forming. The instrument returned to growth after a short correction and is trading near the upper border of Bollinger bands, the indicator cloud is greatly expanded, which indicates the likely upward trend in the short term. The MACD histogram is in the positive zone, rapidly increasing volumes, the signal line crosses the body of the histogram upwards, forming a signal to open buy orders. Stochastic is in the overbought zone, the oscillator lines are oriented horizontally.

USD/CHF: wave analysis

The pair may fall.

On the daily chart, the third wave of the higher level 3 of (3) develops, within which the wave i of 3 formed, and a correction ended as the wave ii of 3. Now, the development of the wave of the lower level iii of 3 has started, within which the wave (iii) of iii is forming. If the assumption is correct, the pair will fall to the levels of 0.9497–0.9167. In this scenario, critical stop loss level is 0.9737.

AUD/USD: wave analysis

The pair may grow.

On the 4-hour chart, a downward correction developed as the wave B, and the formation of the wave C started, within which the first wave (1) of C forms. Now, the third wave 3 of (1) is forming, within which the wave of the lower level iii of 3 is developing. If the assumption is correct, the pair will grow to the levels of 0.7100–0.7300. In this scenario, critical stop loss level is 0.6779.

02.06.2020

USD/CAD: wave analysis

The probability of the pair reduction remains.

On the H4 chart, the third wave of the higher level (3) continues to develop, as part of which the first wave 1 of (3) was formed and a downward correction as the second wave 2 of (3) is developing. At the moment, there is a development of the wave c of 2, as part of which the wave of (v) of c is being formed. If the assumption is correct, the decline of the pair will continue to the levels of 1.3444–1.3311. The level of 1.3824 is critical and stop-loss for this scenario.