GBP/USD
Analysis:
On the pound chart, a downward wave has been developing since September 13. On a large TF, it can become the next section of the main trend or complicate the previous bullish correction. The first 2 parts are completed in the wave structure. In recent days, a reversal pattern is...
Today's trading plan should take into account the test of the average weekly move that occurred yesterday. The probability of keeping the price within the range is 70%. Thus, it is necessary to consider the pattern of "false breakdown" and look for an opportunity to sell the instrument. The...
USDCHF is approaching upside confirmation at 0.9945 and could bounce from here!Entry :0.9945horizontal swing high resistance61.8% Fibonacci extensionTake Profit : 1.0003Why it's good :horizontal swing high resistance100% Fibonacci extensionThe material has been provided by InstaForex Company -...
GBP/USD
On July 30, the upward wave structure continues to form on the British pound chart. The last part counts down from September 3. Since the end of last week, the price has been adjusted. The correction wave lacks the final section.
Forecast:
Today, it is expected to continue the current flat...
Today's trading plan should take into account yesterday's weekly test. Keeping the price below the trading range of the European sessions for the last two days will allow us to talk about the continuation of the downward movement. The main goal of the correctional fall is 1/2 WCZ of...
Overview:Pivot point: 0.9733Trend: downtrendThe USD/CHF pair has broken support at the level of 0.9780 which acts as a resistance now. The USD/CHF pair continues to move downwards from the areas of 0.9780 and 0.9733. The RSI is still signaling that the trend is downward, while the moving average...
Today, the pair is testing the 1/2 control zone and defines the resistance of 0.9775-0.9765. In the case of the formation of a "false breakdown" pattern, the downward movement will again become a priority. It is better to refrain from sales since the instrument is located within the lower monthly...
GBP/JPY
The downward wave of July 25 is at the end of the medium-term bearish trend. Since the beginning of August, a correction has been formed along the upper boundary of the support zone in the flat corridor. Its structure lacks the final section.
Forecast:
Today, the current bullish wave...
GBP/USD
The bearish trend of the English currency is medium-term, set by a wave from mid-March. Its final section has been counting since June 25. By the current day, the wave structure looks complete. The price reached the upper limit of the support zone of a large TF.
Forecast:
In the coming...
Overview:The weekly pivot point is set at the point of 0.9818 on the H4 chart since last week. The USD/CHF pair broke support which turned to strong resistance at the level of 0.9818. The level of 0.9818 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major 0.9818...
