Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The currency pair confirms a scenario in which the active wave [Y] is forming. Wave [Y] could be the final one in a global double zigzag W-X-Y. It is assumed that [Y] takes the form of a standard 3-wave zigzag (A)-(B)-(C).
Let's focus on the completed wave (A). It has the form of an impulse with a truncated fifth wave. After the bullish impulse, we saw a price pullback, which could indicate the construction of a bearish correction (B). At the moment, the correction (B) may be fully formed.
It is possible that the initial part of impulse (C) is now being constructed. In this impulse, the price may rise to the mark of 1.1278.
At the level of 1.1278, the size of the active wave [Y] will be equal to wave [W]. The likelihood of reaching the indicated ratio is high.
In the current situation, it is possible to consider opening long positions with the target of profiting from the end of the impulse (C).
Attention should be paid to important economic news scheduled in the USA. Today, reports on crude oil inventories and the number of unemployment benefit claims will be published. The previous indicators last month were higher than forecasted, which strengthened bullish sentiment. We expect the same today.
Trading recommendations: buy at 1.0941, take profit at 1.1278.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
