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The pair XAU/USD is still likely to grow. Estimated pivot point is at a level of  1301.36. Main scenario: long positions will be relevant above the level of 1301.36 with a target of 1385.94 – 1482.11. Alternative scenario: Breakout and consolidation below the level of  1301.36 will allow the pair to continue declining to the levels of  1253.16 – 1159.49. Analysis:  On the 1-week frame, supposedly a long-term correction of senior level continues to develop as wave (B) in the form of plane ABC. On the 1-day time frame, apparently the third wave of junior level  iii of C of...

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The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 110.24. Main scenario: long positions will be relevant above the level of 110.24 with a target of 111.42 – 113.67.  Alternative scenario: breakout and consolidation below the level of 110.24 will allow the pair to continue declining to the levels at 108.46 – 107.32.  Analysis: Supposedly, the wave of senior level (C) of B continues developing on the daily time frame, with the wave 2 of (C) formed inside. Supposedly, the local correction finished forming as wave 2 of (C) on the H4 time...

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The GBP/USD pair is under correction, still likely to fall. Estimated pivot point is at a level of 1.3110. Main scenario: short positions will be relevant from corrections below the level of 1.3110 with a target of 1.2940 – 1.2901. Alternative scenario: breakout and consolidation above the level of 1.3110 will allow the pair to continue the rise up to the levels of 1.3212 – 1.3390. Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the daily frame in the form of a zigzag. Supposedly, the first counter-trend wave of...

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The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1412. Main scenario: short positions will be relevant from corrections below the level of 1.1412 with a target of 1.1200 – 1.1120. Alternative scenario: breakout and consolidation above the level of 1.1412 will allow the pair to continue the rise up to the levels of 1.1512 – 1.1572. Analysis: Supposedly, a descending correction of senior level in the form of the wave (2) continues developing on the daily time frame with the wave C of (2) developing within. Supposedly, the third wave iii of...

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The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0061. Main scenario: short positions will be relevant from corrections below the level of 1.0061 with a target of 0.9929 – 0.9876.  Alternative scenario: Breakout and consolidation above the level of  1.0061 will allow the pair to continue rising to a level of 1.0146 and higher. Analysis: The first wave of senior level 1 of (3) has been formed on the daily time-frame and the downward correction 2 of (3) has finished developing. Supposedly, the first counter-trend wave i of 1 of (3) of...

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The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.3145. Main scenario: long positions will be relevant from corrections above the level of 1.3145 with a target of  1.3660.  Alternative scenario: breakout and consolidation below a level of 1.3145 will allow the pair to continue declining to a level of 1.3065 and further below. Analysis: Supposedly, an ascending trend continues to form as the third wave of senior level 3 of (5) on the daily time frame. On the 4-hour timeframe, the first wave  i of 3 has been formed and a downward...

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Both U.S. and China are going to settle their troubles by means of other countries How can I explain to my cat that it’s now his turn to provide my living? I feel sympathy for the Chinese who don’t understand why they should cut their foreign trade surplus with the U.S., but, seeing China’s economy slowing down, have to make concessions. Donald Trump, with his ‘America above all!’ policy, plans to reform the entire global economy; and he succeeds! After all, protectionism is a boomerang; retaliatory import tariffs are already pressing down the U.S. economic data. He might have to...

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Gold price is back under the resistance Target Zone 4. The price is being corrected down to the middle-term uptrend USCrude Oil is still trading in the middle-term uptrend. Buy target is Target Zone 4 [58.88 – 58.49]. The key support to the trend is in the zone of [53.32 – 52.93]. The short-term trend is upward. Yesterday, there was a try to reach Additional Zone [56.25 – 56.15], but the price did not reach it a bit. For today, continue looking for purchases. I recommend watching for a reversal pattern from strong supports. If AZ is broken out, it...

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ECB to consider new LTRO When both opponents are tired of fighting, a clinch is a way to take a rest. In Forex, the mutual weakness of opponents is expressed by the EUR/USD consolidation. The euro is pressed down by the failure of the euro-area economy to recover, the ECB willingness to lay a ground for the LTRO and exiting longs for the risky assets, after gradual fading of euphoria about a soon end of trade wars. However, the US dollar is challenged by the weak economic data as well. Discouraging reports on the US durable goods orders, PMI by...

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Is this going to be the week that all hell breaks loose? We have dramatic developments in politics on both sides of the Atlantic. In the US, it looks like Robert Mueller, the Special Counsel of the investigation into Russian interference in the 2016 United States elections and related matters, may wrap up his two-year investigation and present his results to the US Department of Justice. Then what? That’s what everyone wants to know. Under the special counsel regulations, Mueller must submit a "confidential" report to the attorney general, but the AG isn’t required to pass that on to Congress,...

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