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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There was no time for red wave ii to develop into a deeper correction and the break above the top of red wave i indicated, that red wave iii was developing. ...
Since our last analysis the EUR/USD pair has been trading downwards, just like we expected, impulsive wave 3 (coloured blue) of the bigger wave (3) (coloured green) has been developing....
For the last few days, the USD/CAD pair has been trading upwards, impulsive wave 3 (coloured green) of the bigger wave (A) (coloured blue) has started its development. ...
The deep correction from 132.78 indicates that wave iii of 5 ended early and that wave iv of 5 is ongoing. Wave iv of 5 could already have ended at 131.18, which a break above 131.91 will confirm. However, until we have a clear break above 131.91, we must accept that wave iv could retrace a little more of wave iii, with a deeper correction down to 130.88 and maybe 130.43 (unlikely), before wave v of 5 takes over....
For the last few days the EUR/USD pair is trading downwards, impulsive wave 3 (coloured blue) of the bigger wave (3) (coloured green) has started developing. ...
Since our last analysis the AUD/USD pair has continued to trade downwards, and our wave count is showing that we are currently at the end of the sub-wave 3 (coloured green) of the bigger wave (C) (coloured red)....
Since our last analysis the USD/CAD pair has been trading upwards, impulsive sub-wave 1 (coloured red) of the bigger wave 3 (coloured green) has finished its development....
After one last decline in minor wave four of iii down to 131.53 we saw the expected rally higher through resistance at 132.40. We are now in wave five of iii of 5 and we still expect this rally in wave five of iii to reach its ideal target near 133.59 before we will see wave iv of 5 take over. ...
Since our last analysis the EUR/USD pair has been trading upwards, just like we expected, corrective sub-wave 2 (coloured blue) of the bigger wave (3) (coloured green) has been developing....
For the last few week the AUD/USD pair is trading downwards, corrective wave (C) (coloured red) of the bigger wave E (coloured blue) has been developing....
Since our last analysis the USD/CAD pair has been trading downwards, just like we expected, corrective wave 2 (coloured green) of the bigger wave (A) (coloured blue) has finished its development....
Red wave iii of iii is progressing nicely, but we would still like to see some real acceleration through the base channel resistance line to confirm that wave iii will extend. In the short term, we would like to see support at 1.5680 protecting the downside for a break above 1.5742 and, more importantly, a break above 1.5770, which will confirm the next rally higher to 1.5918. That said, a break below 1.5680 will pave the way for a slightly deeper correction to 1.5648 before the next move higher will be seen....
We are still headed for resistance near 133.59 in the short term, where we will likely find the top of wave iii of 5 and after a brief correction in wave iv down to the 131.56 - 131.79 area we should see the final rally higher in wave v of 5 towards 135.47....
For the last few years the AUD/USD pair has been trading in a side-ways movement, from technical perspective this move looks like a triangle pattern. ...
Since our last analysis the EUR/USD pair has been trading downwards, extended sub-wave 5 (coloured red) of the bigger wave 1 (coloured blue) has finished its development....
