LiteForex_Official

LiteForex_Official

XAU/USD, D1 In the D1 chart the pair was corrected to the middle line of Bollinger Bands. The price range is narrowing. MACD histogram is in the negative zone keeping a signal for the opening of short positions. Stochastic is in the neutral zone keeping a signal for the opening of sell orders, and the lines of the oscillator are directed downwards. XAU/USD,...

LiteForex_Official

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave (i) of v, within which the wave i and ii of the lower level have formed, is developing. If the assumption is correct, the pair will grow to the levels of...

LiteForex_Official

Current trend Australian currency stays in the upward channel against the US dollar. However, in the beginning of the week the AUD/USD pair significantly fell after the publication of positive US NY Empire State Manufacturing Index and positive USA Fed’s rhetoric. Today the fall continued due to the poor September New Motor Vehicle Sales data in Australia. In...

LiteForex_Official

The price can fall. On the 4-hour chart the first wave i within the fifth wave (5) of the higher level is forming. At the moment the first entering wave of the lower level (i) has formed, and the downward correction (ii), within which the fall of the price to the levels of 1.2400–1.2330 is expected, is developing. The level of 1.2606 is critical for this...

LiteForex_Official

The price can fall. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the downward correction is developing as a wave ii of C, within which the wave (b) is forming. If the assumption is correct, the price will fall to the levels of 111.10–110.35 after the end of the wave. The level of 113.40 is critical...

LiteForex_Official

Current trend Previous week was positive for the NZD/USD pair, which grew by more than 100 points due to the weakness of USD, which has decreased against the main currencies. Despite the positive US statistics publication, the investors doubt if the interest will be raised 3 thrice in 2018, as Fed has announced. The US dollar is under the pressure due to the...

LiteForex_Official

The pair can grow. On the 4-hour chart the third wave 3 of the higher level, within which the wave iii of 3 is developing, is developing. Locally the formation of the downward correction (ii) of iii has ended, and the development the third wave of the lower level (iii) of iii has begun. If the assumption is correct, the pair will grow to the level of 1.3660. The...

LiteForex_Official

Current trend During the trading session on Thursday, October, 12, European currency fell against the US dollar, stepping back from the maximum of September, 25. The downward trend is due to the positive US Initial Jobless Claims data and Producer Price Index, which let the investors hope that Friday’s Consumer Price Index will be strong. On October, 6, the...

LiteForex_Official

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v has begun. Locally the first wave (i) of v is forming. If the assumption is correct, the pair will grow to the levels of 0.7925–0.7970. The level of 0.7726 is critical for this scenario. Main...

LiteForex_Official

Current trend Gold prices are rising during the morning session of October 12 amid weakness in the US currency after the Fed meeting. Recall that the Minutes of the meeting reflected the concerns of some members of the board on low inflation. On the other hand, gold received additional support from easing tensions around Catalonia as soon as the leader of the...

LiteForex_Official

The pair is in correction. The price can fall. On the 4-hour chart the fifth wave (5) of the higher level is forming. At the moment the first entering wave of the lower level (i) has formed, and the downward correction (ii) is developing. If the assumption is correct, the pair will fall to the levels of 1.2330–1.2270. The level of 1.2606 is critical for this...

LiteForex_Official

The pair is in correction. The price can fall. The wave C of the higher level, within which the first wave i of C has formed, is developing. At the moment the development of the downward correction as a wave ii of C has begun. If the assumption is correct, the price will fall to the levels of 111.10–110.35. The level of 113.40 is critical for this scenario. Main...

LiteForex_Official

Current trend Silver is growing against the fall of the US bonds yield and decrease of the geopolitical tense in Spain and North Korea. However, the most of the traders expect the metals to weaken in the middle term, as the possibility of the US monetary policy tightening this year is high. Earlier Fed’s head Janet Yellen stated that the low inflation, which...

LiteForex_Official

The pair can grow. On the 4-hour chart the development of the third wave 3 of the higher level, within which the wave iii of 3 is developing, continues. Locally the formation of the downward correction (ii) of iii has ended, and the development the third wave of the lower level (iii) of iii is beginning. If the assumption is correct, the pair will grow to the...

LiteForex_Official

Current trend As a result of last week's trading the pair NZD/USD lost a considerable number of positions in view of strong macroeconomic releases from the USA which made the pair drop to minimal levels since June 2017. Moreover, “hawkish” statements of the Fed's officials made market players sure about the increase of the interest rate in the end of the current...

LiteForex_Official

The pair can grow. On the 4-hour chart the development of the downward correction as a fourth wave iv of the higher level has ended, and the formation of the fifth wave v is beginning. Locally the reversal of the price is forming. If the assumption is correct, the pair will grow to the levels of 0.7878–0.7925 within the first wave of the lower level i of (i). The...

LiteForex_Official

Current trend Silver prices updated local minimums since the beginning of August during trading last Friday, October 6, reacting to the release of a mixed report on the US labor market. Despite considerable reduction of the level of unemployment, the report was generally positive, confirming previous outlooks for the growth of the Fed's interest rates. However,...

LiteForex_Official

The upward trend is in force. On the 4-hour chart, presumably, the development of the fourth wave (4) of the higher level was completed, and the formation of the wave (5) began. At the moment, the first lower level input wave (i) is being formed, within the framework of which the wave v of (i) is developing. If the assumption is true, then the pair's growth will...