LiteForex_Official

LiteForex_Official

Current trend Yesterday US dollar grew against the Swiss franc, supported by December US employment market data. The growth of newly employed number slowed, but the earnings are still increasing, which will let Fed keep the current monetary policy at the beginning of 2018. Yesterday CHF was supported by Swiss inflation data. In December, Consumer Price Index...

LiteForex_Official

The pair is in correction. The fall is possible. On the 4-hour chart the fifth wave 5 of (1) of the higher level is developing. Locally the wave v of 5 of the lower level, within which the downward correction (iv) of v is developing, is forming. If the assumption is correct, the pair will fall to the levels of 1.3470–1.3437 in the short term. The level of 1.3611...

LiteForex_Official

The pair is in correction and can fall. On the 4-hour chart, the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. At the moment the development of the third wave iii of 5 has ended, and a downward correction is forming as a wave iv of 5. If the assumption is correct, the pair will fall to the levels of 1.1903–1.1860. The...

LiteForex_Official

Current trend The USD/CAD pair has been falling for the fourth week in a row. Last Friday the instrument lost around 80 points after the negative US employment market publications: in December Nonfarm Payroll indicator reached 148K, which was worse than expected by 42K. US Labor Force Participation Rate stayed on the same level of 62.7%, while experts suggested...

LiteForex_Official

The pair can fall. On the 4-hour chart, the downward correction of the higher level is developing as a wave B. At the moment the “bearish” momentum is developing as a wave c of B, within which the upward correction (iv) of c has ended. If the assumption is correct, the pair will fall to the levels of 0.9655–0.9610 within the wave (v). The level of 0.9800 is...

LiteForex_Official

The pair can fall. On the 4-hour chart, the development of the upward correction has ended as a second wave 2 of (5) of the higher level, shaped as a zigzag. Locally the fifth wave of the lower level (v) of c of 2 has ended. If the assumption is correct, the pair will fall to the level of 0.7653. The level of 0.7875 is critical for this scenario. Main...

LiteForex_Official

Current trend Euro is growing against US dollar. At the moment the pair has almost reached the resistance level of 1.2100, after the breakout the next target will be at the level of 1.2144. US currency is falling due to the geopolitical risks: strife and meetings against the authorities in Iran continue , and Washington states America is ready to help the...

LiteForex_Official

The trend is downward. On the 4-hour chart the correction is developing as a wave 2 of (5), shaped as flat. At the moment the wave c of 2 is forming as a momentum, within which the fifth wave of the lower level (v) of c of 2 is developing. If the assumption is correct, the pair will fall to the level of 1.2390. The level of 1.2553 is critical for this...

LiteForex_Official

The correction has ended; the growth of the pair is expected. On the 4-hour chart the wave (C) of the higher level, within which the formation of the wave 3 of C has begun, is developing. At the moment the downward correction of the lower level has ended as a wave ii of 3, and the formation of the wave iii of 3 has begun. If the assumption is correct, the pair...

LiteForex_Official

Current trend Today the AUD/USD pair continued to grow due to AiG Performance of Services Index reaching 52.0 points, which is by 0.3 points higher than the previous value. US dollar was supported after US FOMC Minutes publication and the growth of Total Vehicle Sales growth. However, the pair strengthened again due to the growth of gold prices, which affects...

LiteForex_Official

The trend is upward. On the 4-hour chart the fifth wave 5 of (1) of the higher level is developing. Locally the wave v of 5 of the lower level is forming, within which the pair will grow to the levels of 1.3657–1.3700. The level of 1.3494 is critical for this scenario. Main scenario Long positions will become relevant above the level of 1.3494 with the targets...

LiteForex_Official

The trend is upward. On the 4-hour chart the fifth wave 5 is forming as a diagonal triangle within the first wave 1 of the higher level. At the moment the third wave iii of 5, within which the wave (c) of iii is forming, is developing. If the assumption is correct, the pair will grow to the level of 1.2110. The level of 1.2000 is critical for this scenario. Main...

LiteForex_Official

Current trend US dollar continues to reduce against the majors due to low trading volumes. Market players are cautious waiting for the release of the minuted of the Fed’s December meeting. No important macroeconomic releases are expected from Japan until the end of the week. At the same time, US currency is under pressure from central banks of other countries, as...

LiteForex_Official

The downward correction continues. Within the H4 timeframe downward correction of the upper level is likely to be continuing as wave B. Currently the “bearish” impulse seems to be developing as wave (c) of ii within which the third wave of lower level (iii) of c seems to have formed. If the assumption is correct, after the correction of (iv) the fall of the pair...

LiteForex_Official

The pair is expected to reduce. The development of upward correction is likely to have finished within the H4 timeframe as the second wave 2 of (5) of the upper level that is zigzag-shaped. Locally the reversal of the price seems to be forming. If the supposition is correct, one may expect the pair to reduce to the level of 0.7653. A critical level for this...

LiteForex_Official

Current trend Yesterday the yen strengthened against the US dollar against the background of growth in retail sales in Japan: the indicator increased by 1.9% in the monthly terms, and by 2.2% in annual terms, respectively. The growth of manufacturing sector in Japan was 3.7%, which is below the forecast of 6.0%. Nevertheless, the slowdown in growth has...

LiteForex_Official

Correction is ending, the pair can fall. On the 4-hour chart the upward correction has formed as a wave B of the higher level. Locally the wave C, within which the formation of the upward correction of the lower level ii of C is ending, is developing. If the assumption is correct, the price will fall to the levels of 1.3218–1.3030. The level of 1.3543 is critical...

LiteForex_Official

Upward trend restored. On the 4-hour chart the fifth wave 5 as a diagonal triangle within the first wave 1 of the higher level is forming. At the moment the third wave iii of 5, within which the wave (a) of iii is ending, is developing. If the assumption is correct, the pair will grow to the level of 1.2090 after the end of the correction (b) of iii. The level of...