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!
EUR/USD
Higher Timeframes
The decline continues. Yesterday, after testing the low at 1.0696, the bears corrected slightly, but by now, this low has already been updated. The next target at the moment is the monthly support at 1.0611. In the current conditions, the monthly support level does not have a horizontal layout, which is a weakening factor. The levels of 1.0751 - 1.0783-95, passed and left behind, will now act as resistances in case of a retest and change of priorities.
H4 - H1
On lower timeframes, the main advantage belongs to the bears. They are driving the decline, with the intraday supports of classic pivot points serving as targets. The first support has already been worked out, with S2 (1.0671) and S3 (1.0641) remaining. Key levels today serve as targets for correction, lying at the boundaries of 1.0728 (central pivot point of the day) - 1.0806 (weekly long-term trend), while intermediate resistance on this path may come from R1 (1.0755) and R2 (1.0785).
***
GBP/USD
Higher timeframes
Yesterday, the pair performed a retest of the weekly level at 1.2577, and today, after updating the low, continues to decline. At the moment, the bears have begun testing the support of the upper boundary of the weekly cloud (1.2503), with the weekly medium-term trend support (1.2480) and the monthly short-term trend support (1.2464) located further down. The outcome of the interaction with this support zone will determine the further prospects of the movement.
H4 - H1
On lower timeframes, the advantage belongs to the bears. They are driving the decline, with the support of the classic pivot points (1.2513 - 1.2478 - 1.2446) serving as reference points. In case of a change in priorities, with bulls regaining positions, the key levels of lower timeframes, which are responsible for the current balance of power, will come into play first. At the moment, they are located at 1.2545 (central pivot point of the day) - 1.2609 (weekly long-term trend).
***
The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
Lower timeframes - H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
*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.