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!
Trend Analysis (Fig. 1).
On Friday, the market may start moving downward from the level of 1.1595 (yesterday's daily candle close) with the target at 1.1556 — a historical resistance level (blue dashed line). When testing this level, a corrective upward price movement is possible with a target of 1.1575 — the 23.6% retracement level (yellow dashed line).
Fig. 1 (daily chart).
Comprehensive Analysis:
Overall conclusion: downward trend.
Alternative scenario: Today, from the level of 1.1595 (yesterday's daily candle close), the price may begin moving downward with a target of 1.1575 — the 23.6% retracement level (yellow dashed line). When testing this level, a corrective upward movement is possible with a target of 1.1592 — the 61.8% retracement level (blue dashed line).
*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.
