We present you the daily updated analysts' section, which is conducted by the professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical surveys in accordance with his vision of the current situation at the international Forex market. However, all represented below reviews are not straight recommendations or reason for the actions, but they contain exclusively the analysis of the current situation at the currency market. In certain cases the analysts' opinions to any 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 at the international Forex market.
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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....
According to previous events, the price has still been trapped between 1.5280 and 1.5215, so it is wise to be careful in this range area around the level 38.2% of Fibonacci retracement levels and 00% (it will form a double bottom)...
The markets opened with minor gaps this week. This did not happen to JPY pairs only: it happened to some pairs and crosses as well. Great volatility is expected soon.
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