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 11.07.2019 analysis

On Wednesday, July 10, trading ended with a 40 bp increase for the EUR / USD pair. Thus, the current wave pattern, which has almost transformed into a new downward trend, has all the chances to resume building the upward trend. As long as the market does not have a breakthrough of the minimum of wave 2 or b, the chances of building a complex and extended wave with remain. Yesterday, of course, the euro-dollar pair received good news support. Jerome Powell's speech in Congress was perceived positively by the bulls, as the market saw hints of a reduction in the Fed's key rate in the near future, as well as threats to a slowdown in US economic growth. Today, Jerome Powell will speak in Congress for the second time, thus, the demand for Eurocurrency may continue today, which will contribute to the construction of a wave. Powell also noted weak inflation yesterday. and today the official report on inflation in June will be released. And according to forecasts, the consumer price index will slow in June from 1.8% to 1.6% y / y. This may be another negative factor for the US dollar, especially if the real value of the report is below 1.6%.

Purchase goals:

1.1417 - 100.0% Fibonacci

1.1480 - 127.2% Fibonacci

Sales targets:

1.1180 - 0.0% Fibonacci

General conclusions and trading recommendations:

A pair of euro / dollar while, presumably, remains in the upward portion of the trend. I recommend buying euros with targets located near the estimated marks of 1.1417 and 1.1480, which equates to 100.0% and 127.2% Fibonacci. Purchases should be minimal. Leaving the tool below the 0.0% level will require making adjustments to the current markup.


Exchange Rates 11.07.2019 analysis

On July 10, the GBP / USD pair rose with 40 basis points and moved away from the local minima. Thus, the construction of the estimated wave e is preserved, however, it is necessary that the maximum of the tool reduction should be resumed today or tomorrow. Otherwise, wave e threatens to be completed near yesterday's lows. News background for a pair of pound-dollar remains controversial. On the one hand, yesterday, the Forex market received signals about the Fed's readiness to soften monetary policy, and today, new signals will be released as well as weak report on inflation, and on the other hand, negative information and messages also continue to come from the UK. Most of which still concerns Brexit. And even with news from America that happens to be favorable for growth, bulls fear too strong and long-term purchases.

Sales targets:

1.2418 - 161.8% Fibonacci

1.2334 - 200.0% Fibonacci

Purchase goals:

1.2783 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern of the pound / dollar instrument involves the construction of a downward wave e. Thus, I recommend selling the pair with targets located near the estimated marks of 1.2418 and 1.2334, which corresponds to 161.8% and 200.0% in Fibonacci, when the MACD signal is down.

*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.