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Wednesday, February 21, 2018

EUR/USD - 21 Feb. - The US Dollar continues to rebound this week .- Read more ..

Daily  Report Global macro by  instaforex

In the absence of important data and big events, the US Dollar's bounce is the path along the line of the least resistance. Today, the release of FOMC Meeting Minutes is attracting attention, but the market participants may have too high expectations. 

GBP/USD- 21 Feb. - The price is currently expected to push higher..- Read more..

Daily  Report GBP/USD by  instaforex

GBP/USD has been correcting itself above the support area of 1.3850-1.3950 for a few days now from where the price is expected to push higher in the coming days. Today GBP has been quite mixed with the economic reports but positive Claimant Count is expected to help the economy grow better in the coming days. 

Tuesday, February 20, 2018

USD/CHF - 20 Feb. - The price is above the pivot point ..- Read more ..

Daily  Report USD/CHF by  instaforex

USD/CHF is expected to trade with a bullish outlook. Despite the recent pullback from 0.9320 (the high of February 19), the pair is still supported by a rising 50-period moving average. 

EUR/USD - 20Feb. - Your attention to Euro Zone Economic Sentiment Survey - Read more ..

Daily  Report EUR/USD by  instaforex

Technical outlook: The EUR/USD daily chart wave counts have been presented here from January 2017 till now. The pair looks to be progressing into its 5th of (5)th wave as labeled here. A drop below 1.2205 would negative the above view and confirm that a meaningful top is in place and that EUR/USD would be heading south from there. 

Thursday, February 15, 2018

EUR/USD - 15 Feb. - The pair is heading towards a major resistance zone ..- Read more..

Daily  Report EUR/USD by  instaforex

Technical outlook: The EUR/USD weekly chart has been displayed here with partial labeling for a bigger picture review. Please note that the pair is heading towards a major resistance zone as depicted here and we are watching for a bearish reversal around those levels 1.2600/2700 on the top side.

Gold - 15 Feb. - As Dollar weakened, Gold price broke above ..- Read more ..

Daily  Report Gold by  instaforex

Gold price reacted negatively after the CPI report yesterday, as Dollar strengthened, but very fast afterwards price reversed upwards and took back all its losses. Price was then trading at the $1,334 resistance are by our Kumo (cloud). 

Tuesday, February 13, 2018

EUR/USD - 13 Feb. - Waiting for economic reports ..- Read more

Daily  Report EUR/USD by  instaforex

EUR/USD has recently broken below the 1.23 support area with a daily close which is currently showing some retracement with some bullish momentum. USD has been quite aggressive with the gains recently after the positive Employment Change report was published and is expected to proceed further with the gains against EUR. 

Thursday, February 8, 2018

EUR/USD - 08 Feb. - Strategy beyond the last wave ..- Read more ..

Daily  Report - Trading plan EUR/USD  by  instaforex

Τechnical outlook: The EUR/USD price action nears to the wave 4 termination point near the 1.2220/50 levels, as depicted on the daily chart here, with the last wave being highlighted. The 5th wave is expected to resume from around the 1.2200/20 levels if the above wave counts hold to be true. 

Gold - 08 Feb. - Gold remains in a bearish trend ..- Read more

Daily  Report Gold by  instaforex

Gold remains in a bearish trend making lower lows and lower highs. Gold has the potential to fall below $1,300 towards $1,290-80 at least. Any bounce as long as price remains below $1,345 is a selling opportunity.