About InstaForex
InstaForex

Why Choose Us

History

Introducing Offices

InstaForex Airplane

Our Team

Team of Analysts

Awards

Media About Us

Hedging

Company News

InstaForex Video

Fx.Bot

Dragon racing

Ole Einar Bjørndalen

InstaForex Loprais Team

Liverpool FC
This section contains the essential information about InstaForex. In particular, you will learn about the company's history, its major achievements, advantages, and awards. Here, you will get to know InstaForex team. Besides, you will find out the latest news and events arranged by the company.

More
For Beginners
What is Forex

Getting Started

Trading Platform

Demo Account Cabinet

Forex Catalog

InstaForex Bonuses

Useful Information

Forex Trading FAQ

Articles

Forex Glossary

Statistics

Indicators

Forex indicators

Technical Indicators

Gold Trading

All About Oil

The World Stock Exchanges

Video tutorials

Trading with InstaForex

Use of indicators

MetaTrader 5

About Forex

Training

Training course

Video course

Forex trainer

Open Demo Account

Open account

Make a deposit
This section is a must-read for those, who decided to start on trading in Forex. Here, you will find everything that will ensure a successful start in trading: the basics of trading principles, guidelines, instructive articles, video tutorials, training courses, forex library, demo accounts, free lessons, and many other helpful materials.

More
For Traders
Trading Conditions

Account Types

Dividend

Special Offers

Trading Instruments

Account verification

One Click Trading

Option Trading

Magic Buttons

Bitcoin Trading

InstaForex Documentation

InstaForex Bonuses

Trading instrument profile

Toolbar InstaForex

Trader сalculator

FX Analytics

Forex Analytical Reviews

Forex Calendar

Forex News

Prime News

Photo News

Subscribe to Newsletter

Market statistics

Autochartist

Pattern Graphix

Forex TV

Superior Forex Desk

Market map

Holidays

Charts

Forex charts

Forex tick charts

Quotes Archive

InstaForex TV

Video Interview

Forex TV: Calendar and Reviews

Forex TV News

Geography with InstaForex

TV Events

Trader's Desk

Opening account

Instant account opening

Open Demo Account

InstaForex Benecard

Deposit and Withdrawal

Open account

Make a deposit
This section is aimed at those who have been operating in Forex. Here, you will get an insight about trading conditions with InstaForex. Besides, you will learn about ways of depositing your account and withdrawing money from it. You will be provided with analytical articles, charts, video reviews of financial markets, news updates, photo events, contests, promo campaigns, InstaForex sports projects etc. The most important, you will gain access to a facility to open a trading account.

More
Promo
Contests

Lamborghini from InstaForex!

InstaForex Sniper

Great Race

Real Scalping

Miss Insta 2017

Chancy Deposit

Lucky Trader

One Million Option

Rally FX-1

Free Devices

BMW X6 from InstaForex

Promo

Hummer H3 Winner

Lotus Evora Winner

Lotus Fights

Trading On Top

7 000 000 clients

Fx.Bot

InstaForex Shop

InstaForex Balloon

InstaForex Airplane

InstaSport

Liverpool FC

InstaForex Loprais Team

Dragon racing

HC Zvolen

FC Palermo

InstaForex Stars

Ales Loprais

Ole Einar Bjørndalen

Oleg Taktarov

Andrei Kulebin

Victoria Azarenka

Janko Tipsarević
Forex Services
Forex Options

Intraday Options

Expiry Options

Options live feed

Demo Options Trading

Quotes Archive

FAQ: Forex Options

ForexCopy System

ForexCopy Traders

ForexCopy Followers

Monitoring

ForexCopy live feed

Trades Copying

Payment Options

Forex Signals

FAQ: ForexCopy

PAMM-System

PAMM Registration

PAMM Investors

Monitoring

PAMM live feed

PAMM Traders

FAQ: PAMM

PAMM Partners

InstaWallet System

InstaWallet Functionality

InstaWallet Benefits

Sign Up

InstaWallet Security

Open account

Make a deposit

Client Cabinet API

WebTrader

Free VPS service
All Forex services offered by InstaForex are presented in this section. These services expand notably possibilities of routine trading in Forex. Moreover, they make trading various currency pairs much more efficient. The use of a wide range of Forex services is the key to successful trading for many clients.

More
For Partners
Ways to Attract

Advantages for Affiliate

Partner Cabinet

Forex Informers

Affiliate Website

Register as Partner

Partners Area

Types of Partnerships
This section is created for those, who have already entered into partnership with InstaForex or who is interested in being a partner. Here, you will find exhaustive information on how to join InstaForex team as a partner. Besides, we will tell you about different forms of partnership and ways of attracting clients. There is also Partner Cabinet in the section.

More
Forex Community
List of Forums

Corporate Blogs

Forex humour

Forex Portal

Bonus on Instagram
This is a universal section with a great number of web resources and charts. It is a mine of forex-related information. Feel free to express and swap your ideas! Forums for traders, corporate blogs, humor, and a large Forex portal are available to everyone.

More

Forex Analysis & Reviews

Email subscription

Analytics in Telegram

Now reading

Trading Plan for EUR/USD and GBP/USD for August 16, 2017

11:41 2017-08-16 UTC+00 2085

Author: Harsh Japee

Intraday technical levels and trading recommendations for EUR/USD for August 16, 2017

11:16 2017-08-16 UTC+00 1442

Author: Mohamed Samy

Technical analysis of USD/JPY for August 16, 2017

07:58 2017-08-16 UTC+00 1591

Author: Ahsan Aslam

Elliott wave analysis of EUR/JPY for August 16, 2017

07:39 2017-08-16 UTC+00 1623

Author: Torben Melsted

Trading plan for 16/08/2017

07:29 2017-08-16 UTC+00 1442

Author: Sebastian Seliga

Technical analysis of USD/CHF for August 16, 2017

07:11 2017-08-16 UTC+00 1450

Author: Ahsan Aslam

Trading plan

Trading Plan for EUR/USD and GBP/USD for August 16, 2017

The EUR/USD hourly chart setup has been presented here for an alternate view in continuation to what was discussed yesterday. The pair failed to print fresh lows, instead, it is setting up for a complex corrective wave structure as labeled here. Going forward if EURUSD does not break below 1.1687.

Wave analysis

Wave analysis of the GBP / USD pair for August 16, 2017

Yesterday's GBP / USD trades started with a downward movement. After losing more than 120 percentage points, it dropped to the level of 1.2845 in the afternoon.

Technical analysis

NZD/USD Intraday technical levels and trading recommendations for August 16, 2017

A quick bullish advance was expressed towards the next supply zone around 0.7310-0.7380 which was temporarily breached to the upside. The recent bearish pullback was executed towards the price zone of 0.7310-0.7380 (newly-established demand-zone) which failed to offer enough bullish support for.

Technical analysis

Intraday technical levels and trading recommendations for EUR/USD for August 16, 2017

The daily supply zone failed to pause the ongoing bullish momentum. Instead, an evident bullish breakout is being witnessed on the chart. The nearest supply level to meet the pair is located around 1.2080 (Level of previous multiple bottoms) where bearish rejection can be anticipated. On the other.

Wave analysis

Wave analysis of the EUR / USD currency pair for August 16, 2017

In general, it is expected that trading yesterday's EUR / USD pair will start with the continuation of the downward movement.

Fundamental analysis

Global macro overview for 16/08/2017

The US economy is slowly, but surely overcoming the headwinds.

Fundamental analysis

Fundamental Analysis of AUD/USD for August 16, 2017

AUD/USD is currently pushing up higher after retracing back towards the support area of 0.7750-0.7840. As of positive economic reports of AUD published today the price is currently climbing up higher bouncing from the support area towards 0.8050-0.8150 resistance area. As the price remains above.

Wave analysis

Wave analysis of the USD / CHF currency pair for August 16, 2017

During the opening of trading session yesterday, the unsuccessful testing of the 0.9750 mark led the USD/CHF pair within the range limited by the level of the 97th figure and to the 0.96760 mark.

Fundamental analysis

Global macro overview for 16/08/2017

The FOMC Meeting Minutes for the month of July is scheduled for release at 06:00 pm GMT and this will be the event of the day or even week.

Wave analysis

Wave analysis of the USD / JPY currency pair for August 16, 2017

During yesterday's trading, the USD/JPY pair continued the development of the upward movement, which started on Friday.

Fundamental analysis

Demand for the dollar is growing

Strong growth in retail sales in July contributed to the return of demand for the dollar. As follows from the report of the US Census Bureau published on Tuesday, sales in July rose by 0.6%, which is much higher than the forecast of 0.4%

Fundamental analysis

Fundamental Analysis of EUR/JPY for August 16, 2017

EUR is currently quite stronger than JPY despite the price is currently residing inside a range boundary of 128.50 to 130.60 area. JPY has been quite positive with its economic reports but could not dominate EUR along the way which denotes to stronger bullish pressure in the making. As the price.

Technical analysis

Technical analysis of USD/JPY for August 16, 2017

All our targets which we predicted in Yesterday's analysis have been hit. The pair is expected to trade in upside range. The technical outlook of the pair is positive as the prices recorded higher tops and higher bottoms since August 11. The rising 50-period moving average is playing a support.

Wave analysis

Elliott wave analysis of EUR/NZD for August 16, 2017

EUR/NZD is now broken above resistance at 1.6236 as expected. A clear break above this resistance will confirm a continuation higher towards 1.6969 as the next larger upside target. On the way higher, minor resistance will be seen at 1.6349 and again at 1.6636. The former resistance at 1.6263.

Wave analysis

Elliott wave analysis of EUR/JPY for August 16, 2017

The clear break above the minor resistance-line near 130.00 is not consistent, with our expectations of a deeper correction towards 125.08. The break above this minor resistance-line indicates that the X-wave already has completed the test of 128.00 and a new zig-zag rally towards 137.36 now is.

Trading plan

Trading plan for 16/08/2017

On Wednesday 16th of August, the event calendar is busy with important economic releases from UK, Eurozone and the US.

Fundamental analysis

Unfounded hopes and new fears

Inflation data in the UK did not live up to expectations, and it will make it unlikely for the Bank of England to hike the interest rate soon. However, for today, everyone will pay attention to the content.

Technical analysis

Technical analysis of USD/CHF for August 16, 2017

USD/CHF is expected to trade in higher range and continue its upward movement. The pair is trading above the key support at 0.9690 (the low of August 15), which should limit the downside potential.

Fractal analysis for major currency pairs as of August 16

For the EUR/USD pair, the price forms the potential for a downward movement from August 11. For the GBP/USD pair, we again expanded the potential for a downward movement to the level of 1.2749. Moving upward is seen as a correction.

Technical analysis

Technical analysis of GBP/JPY for August 16, 2017

The targets which we predicted in the previous analysis have been achieved. GBP/JPY is under pressure and expected to trade in lower range.

Fundamental analysis

The planned strengthening of the dollar continues

On August 16, we are waiting for the minutes of the FOMC meeting and the dollar strengthen. According to the central bank of Australia, its national currency continue to weaken.

Get profit from trading on Forex

Open trading account

If you are new to Forex

Open demo account

Download trading platform

Choice of bonuses for clients

Choose your bonus

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.

Symbol	Bid	Ask
EURUSD	1.1131	1.1134
GBPUSD	1.2592	1.2595
USDJPY	111.16	111.19
USDCHF	0.9746	0.9749
USDCAD	1.3295	1.3298
EURJPY	123.78	123.81
EURCHF	1.0851	1.0854
GBPJPY	139.96	140.03
GBPCHF	1.2269	1.2276
GOLD	1244.89	1245.49
Real time market quotes