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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The EUR/USD pair continued development of the ascending move on Friday. The pair could not manage to finish it n ear the level of figure 33 and adding about 120 basis points reached the level of 1.3365. ...
As it was expected, the EUR/USD pair was forming an ascending corrective wave of an assumed wave 2 yesterday. Either wave 2 or wave B will be a component of a more complex and extended downward move. ...
As it was expected the GBP/USD pair tried to test level of 63 figure and it led to dynamic rebound of the pair from the high (1.6305) for more than 50 basis points. ...
After a rally that was observed last week during yesterday’s trading session, the EUR/USD pair halted and was consolidating slightly lower than the level of 1.3170. ...
During yesterday’s trading session the USD/JPY pair continued its move in the range of horizontal wave structure of wave B. Probably it is in a more extended correction, which is developing from the high of November 22. ...
During yesterday’s trading session the GBP/USD pair continued to slide along the median line of the sloping channel. When it had reached the level of 1.5825 it moved 50 basis points up. ...
During yesterday’s trading session the USD/JPY pair managed to finish movement in the range. By the end of the trading session the pair had added 100 basis points and reached the level of 80.30. ...
Despite the attempts that were made to complete the ascending move during the previous week, the USD/CHF pair continued growth and worked out the estimated level of correction 38.2% on Friday. ...
