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


Exchange Rates 19.06.2019 analysis

On Tuesday, June 18, trading ended for the pair EUR / USD with a decrease of 25 basis points. This is not much, but this decrease leads to the fact that the expected wave 2 takes on an even longer appearance and threatens to transform into a pulsed wave with the complication of the downward trend. A successful attempt to break through the minimum of the supposed wave will indicate the readiness of the markets for further sales of the pair. What remains to the foreign exchange market is if the news supports the US dollar. It will force investors to buy this particular currency. Yesterday, the ECB Chairman openly declared that in the next few months, the ECB could ease monetary policy, since inflation has slowed down very recently. A quantitative incentive program may also be resumed. What could be the reaction of markets to such rhetoric? But, what is more important than Draghi's performance is Powell's performance tonight. Markets will closely follow his words and hints of changes in the Fed's monetary policy in the near future. And in this case, the "pigeon" rhetoric may already support the Eurocurrency. The key rate of the Fed is unlikely to be reduced today and the probability of such an outcome is no more than 10%.

Purchase goals:

1.1367 - 76.4% Fibonacci

1.1447 - 100.0% Fibonacci

Sales targets:

1.1106 - 0.0% Fibonacci

General conclusions and trading recommendations:

The euro / dollar pair completed the first wave of the upward trend. I recommend to wait for the completion of wave 2 construction and to start purchasing Eurocurrency with targets located near the estimated marks of 1.1367 and 1.1447, which equates to 76.4% and 100.0% Fibonacci. At the same time, the departure of the tool below the minimum of wave c will complicate the current wave marking.


Exchange Rates 19.06.2019 analysis

The GBP / USD pair gained about 30 bp in the evening, which led to a minimum departure of quotes from the lows reached and the construction of a correctional wave e in the future. If the current wave counting is correct, the decline in quotations is resumed with targets located near the levels of 161.8% and 200.0% Fibonacci. However, today, Powell was not a frank "dove", and the Fed did not lower the rate. If Powell, as he is following Draghi, begins to fear protectionism, trade conflicts, growing public debt, weak inflation, and so on, will hint at possible easing of monetary policy. Then, traders may regard this move as a signal of a recession in the American economy. The euro will be able to add a few dozen more points, and the pound sterling will not resume falling. Before the evening meeting, there will be another important news - the report on inflation in the UK. A strong decline in this indicator will cause a decrease in pounds.

Sales targets:

1.2434 - 161.8% Fibonacci

1.2359 - 200.0% Fibonacci

Purchase goals:

1.2767 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern of the pound / dollar instrument does not change and implies a continuation of the instrument decline in the framework of the fifth wave. Thus, now, I recommend selling the pound with targets located near the calculated marks of 1.2434 and 1.2359, which corresponds to 161.8% and 200.0% in Fibonacci. Purchasing, from my point of view, still carries increased risks.

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

Performed by Chin Zhao,
Analytical expert
InstaForex Group © 2007-2019
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.