Site map
العربية Azərbaycan Български 中文 Čeština English Français ქართული Deutsch Magyar हिन्दी Bahasa Indonesia ایرانی Italiano 日本語 한국어 Lietuvių Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Türkçe 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
Make a deposit
Money withdrawal
pay icon

Exchange Rates 19.06.2017 analysis

Technical outlook:

The EUR/USD pair looks to be ready for yet another leg lower. It seems to have hit the back side of immediate support line at 1.1200/10 levels and also re-tested the resistance today before reversing. Looking at the wave structure, the pair looks to have completed waves A or 1 and B or 2 as labelled here and should be poised for a wave C or 3 lower from here. It looks to be dropping lower at least till 1.1000 levels going forward. Please note that the pair might be in a wave 4 correction of a higher degree before it could turn higher again. It looks wise to remain on the short side for now with risk above 1.1300 levels. Besides, note that prices have reversed lower from fibonacci 0.50 resistance levels for now but we are not ruling out a possibility of a last leg rally through 1.1230 levels before turning lower again.

Trading plan:

Please remain short for now, with stop above 1.1300, targeting 1.1000

GBPUSD chart setups:

Exchange Rates 19.06.2017 analysis

Technical outlook:

The GBP/USD pair has completed its counter trend rally around 1.2820 levels as discussed earlier. Furthermore, prices have also tested resistance and reversed lower today. Still, a possibility remains for an extended rally towards 1.2840/50 levels, which is fibonacci 0.618 resistance of the entire drop between 1.2970 through 1.2635 levels respectively, before prices resume lower. As labelled on the hourly chart here, a drop is possible either from current levels or from 1.2840/50 levels respectively. Looking at the wave count as well the pair might have completed wave 2 last week and wave 3 should resume any moment now. A break below the counter trend support line here would accelerate lower. Resistance remains at 1.2970 levels and till GBP/USD is below that, bears are expected to take control back.

Trading plan:

Remain short from here, stop above 1.2970 levels, target 1.2300.

Fundamental outlook:

The Brexit negotiations kick off today, so watch out for a higher volatility on GBP/USD.

Good luck!

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

Performed by Harsh Japee,
Analytical expert
InstaForex Group © 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.

Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Enter your e-mail
Get $1000
Accept the terms of the Bonus Agreement
Get $1000 STARTUP Bonus
Start trading without any investments and risks right now!
Your full name
Phone number
Country
State
City
Link to your Facebook page
Skype

Your request for receiving $1000 bonus is being processed.

Please do not leave the website for 5 minutes to confirm you are not a robot.

When 5 minutes pass, your bonus account will be opened. While you are waiting, you can read useful information on our website.

Please do not leave the website for 5 minutes to confirm you are not a robot and receive the $1000 bonus
We congratulate you on the registration of a trading account!
We are processing your request for the StartUp bonus. The confirmation of crediting the bonus will be sent to your email
Your trading account number (login) in InstaForex:
Trader password:
OR
Start trading.
WebTrader
MT4 for Android
MT4 for IOS
MT4 for Windows
Copy the trades of successful traders using the ForexCopy system:
Copy trades
Get bonus
55%
from InstaForex
on every deposit
Earn up to
$50000
for inviting friends to get StartUp Bonus from InstaForex
No investments required!