This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
The wave pattern of the 4-hour chart for the EUR/USD instrument still does not require any additions and clarifications. Wave d turned out to be longer than I had initially expected. However, it does not change the essence of the wave charting. I still believe that this wave is corrective, not impulse, as evidenced by its complex internal wave structure. Therefore, it cannot be wave 1 of a new uptrend section. If so, the quotes decrease has already resumed within the anticipated wave e in C. At the same time, the renewed rise of the EU currency quotes may result in the necessity to correct the current wave pattern as in this case wave d will become the longest wave in the downtrend section. A failed attempt to break the level of 1.1455 indicates that the market is not ready for further purchases of the instrument. The withdrawal of quotations from the lows around 1.1314 may be short-lived.
Lagarde continues to believe that inflation will start decline in 2022
On Thursday, the EUR/USD pair moved with an amplitude of about 20 basis points without a clear direction. At the time of writing the article, it is impossible to conclude whether the instrument is raised or declined. Thus, Thursday was not exciting concerning the pair's movements and news background. The EU inflation report was released in the morning. It showed an increase to 5.0% year-on-year. However, December's growth to 5% was common to the markets, as this publication was the second in the same time period. Therefore, the euro did not react to this report. There were no more major economic events in the EU on Thursday. However, I would also like to mention Christine Lagarde's interview given to France Inter radio. She said that inflation in the EU would gradually slow throughout 2022, as the main factors that contributed to its rise would diminish their influence. Lagarde noted that energy prices would not rise constantly, and supply chain issues would be addressed as the world emerges from the next wave of the coronavirus pandemic. Christine Lagarde also said that the European Central Bank did not need to pursue the same aggressive monetary policy as the Fed was going to do. The ECB president stated that the US economy was recovering much more quickly than in the EU. She added that they had no reason to act as quickly as the Fed. Lagarde noted that they had started to respond to the changing situation and intended to continue it throughout 2022. However, she added that they needed reliable data to make the right decisions. Christine Lagarde also pointed to the rising yields of some types of government bonds. She said that if yields were rising, it was a sign of an economic recovery. However, Lagarde's speech did not boost demand for the euro. Markets are not so sure that inflation will decline without any reason.
Conclusions
Based on the conducted analysis, I conclude that the formation of the rising wave d may be completed. If this assumption is correct, then it is recommended to sell the instrument now counting on the formation of wave e in C with the targets located near the calculated levels of 1.1315 and 1.1154, which is equal to the 100.0% and 127.2% Fibonacci levels. So far, there is no reason to assume the execution of the alternative option, which implies the resumption of the increase in the instrument quotations.
You have already liked this post today
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
Deposite US $ 3.000 em sua conta e receba $1000 mais! Em Abril nós sorteamos $1000 na campanha Chancy Deposit! Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.