LiteForex_Official

LiteForex_Official

Current trend The New Zealand dollar continues to slightly gain ground against USD. At the moment, the rate is 0.7209, the nearest support level is at 0.7180. According to analysts' comments, significant support for the currency is provided by oil prices, which continue to trade in an uptrend. The US dollar continues to decline against its main competitors in...

LiteForex_Official

The fall of the pair is expected. On the 4-hour chart, the upward correction has developed as a wave 2 of (3) of the higher level. Now the wave c of 2 has formed. If the assumption is correct, the pair will fall to the level of 0.9335. The level of 0.9555 is critical for this scenario. Main scenario Short positions will become relevant below the level of 0.9555...

LiteForex_Official

The downward correction is ending; the growth of the pair is expected. On the 4-hour chart, the formation of the downward correction as a second wave 2 within the third wave (3) of the higher level is ending. Now the downward momentum is ending within the wave c of 2. If the assumption is correct, the pair will grow to the levels of 0.7910–0.8140 in the nearest...

LiteForex_Official

Current trend The pair continued to fall and reached a local low since the end of December last year. Strong pressure on the Australian currency was exerted by the growth of consumer prices in the US, the release of positive data at the US labor market, as well as lower prices for gold, iron ore and copper. At the same time, there is a drop in consumer...

LiteForex_Official

The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave iii of 3 is ending. If the assumption is correct, after the end of the downward correction iv of 3 the pair will grow to the levels of 1.3300–1.3500. The level of 1.2870 is critical for this scenario. Main scenario Long positions will become...

LiteForex_Official

The pair can grow. On the 4-hour chart, the downward momentum has formed as a wave C within the correction of the higher level (B). Now the development of the wave (C) has begun, within which the first wave of the lower level (i) of i has formed, and the downward correction (ii) of I has ended. If the assumption is correct, the pair will grow to the levels of...

LiteForex_Official

Current trend Yesterday the pair XAU/USD fell due to the release of US strong employment market: Continuing Jobless Claims was below the expectations and reached 1.879 million. The growth of NY Empire State Manufacturing Index, which reached its maximum of the last five months, supported USD. Philadelphia Fed Manufacturing Survey was worse than expected (23.0...

LiteForex_Official

The pair can grow. On the 4-hour chart, the downward correction has developed as a fourth wave iv of 5 within the first wave (1) of the higher level. Locally the first wave of the lower level (i) of v of 5 is developing. If the assumption is correct, the pair will grow to the levels of 1.4280–1.4350. The level of 1.3708 is critical for this scenario. Main...

LiteForex_Official

The pair is in a correction and can grow. On the 4-hour chart, the upward trend is developing within the first wave (1) of the higher level. Now the fifth wave of the lower level v of 5 of (1) is forming, within which the entering momentum has formed as a wave (i) of v, and the correction (ii) is ending. If the assumption is correct, the pair will grow to the...

LiteForex_Official

Current trend Yesterday EUR decreased against USD, as European regulator’s monetary policy would stay the same until the inflation reached the target level of. In addition, EUR is under pressure due to poor EU Industrial Production index, which went down by 1.0% in January. Poor US Retail Sales prevented the national currency to grow significantly: instead of...

LiteForex_Official

The pair can grow. On the 4-hour chart, the upward correction is developing as a wave 2 of (3) of the higher level. Now the local downward correction (b) of c of 2 has formed. If the assumption is correct, the pair will grow to the level of 0.9612. The level of 0.9421 is critical for this scenario. Main scenario Long positions will become relevant above the...

LiteForex_Official

The pair can grow. On the daily chart, the first wave 1 is forming within the third wave (3) of the higher level. Now the fifth wave of the lower level v of 1, within which the downward correction (ii) of v of 1 has ended, is developing. If the assumption is correct, the pair will grow to the level of 0.8300 within the wave (iii) of v. The level of 0.7712 is...

LiteForex_Official

Current trend The pair NZD/USD continues to grow, despite positive data on the US Consumer Price Index, which were published on Tuesday. The American currency is under pressure due to the dismissal of Secretary of State Rex Tillerson. It is noteworthy that President Trump announced his dismissal on Twitter, with no official statement in diplomatic circles. In...

LiteForex_Official

The trend is upward. On the 4-hour chart, the third wave of the higher level 3 of (5) is forming. Now the third wave iii of 3 is developing, within which the correctional fourth wave (iv) of iii is ending, and the fifth wave (v) of iii is forming. If the assumption is correct, the pair will grow to the level of 1.3131. The level of 1.2800 is critical for this...

LiteForex_Official

The pair can grow. On the 4-hour chart, the downward momentum has formed as a wave C within the correction of the higher level (B). Now the development of the wave (C), within which the first wave of the lower level (i) of I has formed, has begun. If the assumption is correct, the pair will grow to the levels of 108.65–109.60. The level of 105.40 is critical for...

LiteForex_Official

Current trend The US dollar strengthens against the Canadian one after a sharp decline at the end of last week, caused by the release of an ambiguous report on the US labor market. The introduction of tariffs for the import of steel and aluminum into the United States hit hard on the Canadian currency, but the unexpected decision to release Canada from these...

LiteForex_Official

The growth of the pair is expected. On the 4-hour chart, the downward correction has developed as a fourth wave iv of 5 within the first wave (1) of the higher level. Locally the first and the second wave of the lower level have formed within the fifth wave v of 5, which has begun. If the assumption is correct, the pair will grow to the levels of 1.4280–1.4350....

LiteForex_Official

The trend is upward. On the 4-hour chart, the upward trend is developing within the first wave (1) of the higher level. Now the fifth wave of the lower level v of 5 of (1) is developing, within which the entering momentum has formed as a wave (i) of v, and the correction (ii) has ended. If the assumption is correct, the pair will grow to the level of 1.2650. The...