The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.0720. Main scenario: consider long positions from corrections above the level of 1.0720 with a target of 1.1170 – 1.1496. Alternative scenario: breakout and consolidation below the level of 1.0720 will allow the pair to continue declining to the levels […]
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USD/CHF: Elliott wave analysis and forecast for 08/05/2020 – 15/05/2020
USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9804. Main scenario: Consider short positions from corrections below the level of 0.9804 with a target of 0.9167 – 0.9000. Alternative scenario: breakout and consolidation above the level of 0.9804 will allow the pair to continue rising to the levels of 1.0024 […]
USD/CAD: Elliott wave analysis and forecast for 08/05/2020 – 15/05/2020
USD/CAD remains likely to fall. Estimated pivot point is at a level of 1.4165. Main scenario: Consider short positions from corrections below the level of 1.4165 with a target of 1.3730 – 1.3598. Alternative scenario: breakout and consolidation above the level of 1.4165 will allow the pair to continue rising to the levels of 1.4562 […]
Dollar backstepped
The US-China trade war may not start again The US stocks again support the euro. The EUR/USD bears failed to break through the support at 1.077-1.0775 or send the pair down, as the euro was supported by the S&P 500, rising amid good news. The FOMC officials believe that the recession can be averted, analysts discuss a […]
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