We present you the daily updated analysts' section, which is conducted by the professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical surveys in accordance with his vision of the current situation at the international Forex market. However, all represented below reviews are not straight recommendations or reason for the actions, but they contain exclusively the analysis of the current situation at the currency market. In certain cases the analysts' opinions to any changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation at the international Forex market.
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USD/CHF: It should be noted that the price has still been trapped between 0.9720 and 0.9670 and below strong resistance at the level of 0.9760 (100% of Fibonacci retracement levels in H1 chart)....
Irrespective of the recent events in the markets, the major biases are still valid. The price developments today might thus favor the major biases. ...
We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair....
Supply zone located around 1.5550-1.5600 (the upper limit of the depicted bullish channel and 50% Fibonacci level) provided considerable resistance for the cable last week. ...
The weak bullish structure with integrated swings led to price fall after the upper limit of the movement channel 1.5590-1.5600 had provided a considerable resistance for the pair....
As it was expected yesterday, the metal would reverse its bearish move to start its upward direction and open its way towards 23.00 in case of closing 4H below the Resistance level 22.00. ...
As it was expected yesterday, as long as the pair is trading out of its bullish channel and especially when it is below the lower boundary of it, so it would keep its bearish move....
For the last few weeks the AUD/USD pair has been trading downwards, corrective wave (C) (coloured red) of the bigger wave E (coloured blue) has finished to develop. ...