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Thursday, January 31, 2019

EUR/USD - 31 Jan. - Further bullish advancement should be expected towards the price ..- Read more ..

Daily Report EUR/USD  by instaforex

Company does not offer investment advice and the analysis performed does not guarantee results



Since June 2018, the EUR/USD pair has been moving sideways with slight bearish tendency within the depicted bearish Channel (In RED). On November 13, the EUR/USD demonstrated recent bullish recovery around 1.1220-1.1250 where the current bullish movement above the depicted short-term bullish channel (In BLUE) was initiated. 

USD/CHF - 31 Jan. - If the pair succeeds in passing through the level of .. - Read more ..

Daily Report USD/CHF by instaforex


Company does not offer investment advice and the analysis performed does not guarantee results




Overview: The USD/CHF pair faced resistance at the level of 1.0031, while minor resistance is seen at 0.9987. Support is found at the levels of 0.9884 and 0.9819. Also, it should be noted that a daily pivot point has already set at the level of 0.9939.

Monday, January 28, 2019

Gold 28 Jan. - Gold price remains in a bullish trend ..- Read more ..

Daily Report Gold by instaforex

Company does not offer investment advice and the analysis performed does not guarantee results



Gold price broke above $1,292 resistance we mentioned in our previous posts and this was a bullish signal. Gold price is now trading above $1,300 and could continue higher towards $1,315-20 which is our next target. 

The role of the Euro in markets ..



Press Release - Brussels, 28 January 2019  - Commission launches targeted consultation on the global role of the euro in foreign exchange markets

As part of its work to explore how to increase the international role of the euro, the Commission launched an additional targeted consultation. This consultation is aimed at financial institutions and other stakeholders with an in-depth understanding of foreign exchange markets. 

GBP/USD 28 Jan. - There is a clear bearish divergence between the price and the momentum ..- Read more..

Daily  Report GBP/USD by  instaforex

Company does not offer investment advice and the analysis performed does not guarantee results



Technical analysis of GBP/USD for 28/01/2019: The projected Fibonacci target has been hit, pullback time now 

Thursday, January 24, 2019

USD/CHF - 24 Jan. - The bearish bias is expected to continue... - Read more ..

Daily Report USD/CHF by instaforex

Company does not offer investment advice and the analysis performed does not guarantee results



USD/CHF has been quite volatile and corrective at the edge of 0.9950 area recently from where it is expected to move lower in the coming days. Amid the government shutdown in the US and downbeat economic reports, USD is expected to extend weakness against CHF in the coming days. 

EUR/USD 24 Jan. - The hour is nearly upon us !! Read more ..

Daily Report EUR/USD by instaforex

Company does not offer investment advice and the analysis performed does not guarantee results



As we can see on the one-hour chart, wave ((i)) has arrived as a leading diagonal pattern, which led to an upward correction. After a few weeks of consolidation, wave ((ii)) ended as a zigzag with an ending diagonal in wave (c). A pullback from the upper side of this pattern turned out to a decline, so there's a downward impulse wave, which could be the first wave of wave ((iii)). 

Tuesday, January 22, 2019

EUR/USD - 22 Jan. - After a short break, the price is likely going to continue declining .. Read more ..

Daily  Report EUR/USD  by  instaforex

Company does not offer investment advice and the analysis performed does not guarantee results 


The market has been declining since an upward impulse in wave (A) finished. Previously, we had a large zigzag in wave ((W)). Considering there's a downward five-wave price movement form the last high in wave A, wave (B) is likely going to take the form of a zigzag. If correct, we're going to have the rest of wave C of (B) soon.