The Reserve Bank of Australia starts QE for the first time in history  I suggested at the end of February that the Aussie should be falling faster after the AUD/USD bears broke out the support at 0.657-0.6575, but I didn’t think it would be so fast. Aussie is down versus the US dollar to the lowest levels since 2002, having […]

Forecast for BTCUSD, LTCUSD, ETHUSD, EOSUSD, XRPUSD pairs Elliott wave analysis for BTCUSD In the BTCUSD timeframe, there has completed the third element of the large up impulse wave, impulse 3. After that, the market continued moving down in the corrective wave 4. This correction is likely to complete as a double zigzag [W]-[X]-[Y]. At […]

Fed again surprises markets  It's one step from love to hatred. From hatred to love, the distance is about the same. The launched its unprecedentedly great quantitative easing, and Donald Trump abruptly changed hi attitude to Jerome Powell. After criticizing the Fed’s chair for being an enemy to the state and acting too slow, Trump […]

During global financial crises, gold moves inadequately but expectedly Gold reached the target at $1700 per ounce indicated in the previous analysis. The most interesting, however, started later. Gold rates at first didn’t respond to the federal funds rate cut by 100 basis points and dropped to the lowest level since November. Next, after the Fed’s

The pair GBP/USD remains likely to fall. Estimated pivot point is at a level of 1.2116. Main scenario: short positions will be relevant from corrections below the level of 1.2116 with a target of 1.1177 – 1.0687. Alternative scenario: breakout and consolidation above the level of 1.2116 will allow the pair to continue the rise […]

The pair USD/JPY is still likely to fall. Estimated pivot point is at a level of 112.24. Main scenario: short positions should be considered from corrections below the level of 112.24 with a target of 98.73 – 94.71. Alternative scenario: breakout and consolidation above the level of 112.24 will allow the pair to continue rising […]

The pair USD/CAD remains likely to grow. Estimated pivot point is at a level of 1.4095. Main scenario: long positions should be considered from corrections above the level of 1.4095 with a target of 1.4800 – 1.5000. Alternative scenario: breakout and consolidation below the level of 1.4095 will allow the pair to continue declining to […]

The pair USD/CHF remains likely to fall. Estimated pivot point is at a level of 1.0026. Main scenario: short positions will be relevant below the level of 1.0026 with a target of 0.9167 – 0.9000. Alternative scenario: breakout and consolidation above the level of 1.0026 will allow the pair to continue the rise up to […]

The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.0875. Main scenario: short positions should be considered from corrections below the level of 1.0875 with a target of 1.0500 – 1.0327. Alternative scenario: breakout and consolidation above the level of 1.0875 will allow the pair to continue the rise […]

EUR/USD  USD/JPY  USD/CAD ForexLive