We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.
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We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair....
Supply zone located around 1.5550-1.5600 (the upper limit of the depicted bullish channel and 50% Fibonacci level) provided considerable resistance for the cable last week. ...
The weak bullish structure with integrated swings led to price fall after the upper limit of the movement channel 1.5590-1.5600 had provided a considerable resistance for the pair....
As it was expected yesterday, the metal would reverse its bearish move to start its upward direction and open its way towards 23.00 in case of closing 4H below the Resistance level 22.00. ...
As it was expected yesterday, as long as the pair is trading out of its bullish channel and especially when it is below the lower boundary of it, so it would keep its bearish move....
For the last few weeks the AUD/USD pair has been trading downwards, corrective wave (C) (coloured red) of the bigger wave E (coloured blue) has finished to develop. ...
Today EUR/USD has support and resistance at 1.2846 and 1.2932. The rate is accompanied by strong support at 1.2833 and by 1.2945 as strong resistance....
