Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

InstaForex Bonuses

InstaForex Bonuses

Wave picture of the chart D1:

The direction of the cross trend in recent years is set by the incomplete renewed upward wave. Above is a wide zone of potential reversal which triggered a counter correction. The structure analysis indicates the continuation of the uptrend.

Exchange Rates 17.05.2018 analysis

The wave pattern of the H1 graph:

On April 24, the last wave of this timeframe started lower. In a larger wave model H4, the section occupies the place of the final part (C). The wave is not complete. Preliminary calculation shows the potential target in the area of the 125th price figure.

Exchange Rates 17.05.2018 analysis

The wave pattern of the M15 chart:

Over the past two weeks, the pair's quotations began to form an upward wave model in a zigzag pattern. The final part of the formation is not yet complete.

Recommended trading strategy:

Supporters of long-term transactions need to wait for the completion of the ascending portion and look for selling signals. Short-term traders have the opportunity to earn a price increase to the resistance zone.

Resistance zones:

- 131.20 / 131.70

Support zones:

- 129.30 / 128.80

Explanations to the figures: Simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (ABC). At each TF the last incomplete wave is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the wave counting according to the technique used by the author. The solid background shows the generated structure, dotted - the expected wave motion.

Attention: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need confirmation signals from your trading systems!

* The presented market analysis is informative and does not constitute a guide to the transaction.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Viele Grüße,
Analytiker: Isabel Clark
InstaForex © 2007-2018
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.