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
The favor in the smaller timeframes is still on the bearish side, as trading is carried out below the key levels, which now hold the defense at 1.1288 (central pivot level) and 1.1309 (weekly long-term trend). To continue the intraday downward movement, we can consider the pivot points – the support of the classic pivot levels. The first level (1.1263) is being tested now, then 1.1241 and 1.1216. Changing priorities and consolidating above the key levels (1.1288 – 1.1309) will return the relevance to the resistances of the classic pivot levels, the pivot points will be 1.1335 and 1.1357.
GBP/USD
The bears failed to immediately take advantage of the potential of the past week and continue the decline. The pound remained tied to the attraction and influence zone of 1.3248 (the lower limit of the weekly cloud) - 1.3281 (the daily short-term trend). The persistence of uncertainty will develop consolidation. In the case of bears' activity, their interests will rush to the level of 1.3164 (monthly Fibo Kijun). But if bullish sentiment increases, attention will be directed to the resistance of the daily Ichimoku cross of 1.3386 (Fibo Kijun) and 1.3445 (Kijun).
The upward correction in the smaller timeframes led to a struggle for key levels, which can be noted at 1.3254 (central pivot level) and 1.3282 (weekly long-term trend) today. A consolidation above and reversal of moving averages can change the current balance of power in favor of the bulls. The resistance of the classic pivot levels (1.3292 - 1.3323 - 1.3361) will serve as upward benchmarks to resume growth within the day. However, in the event that the resistance of the key levels maintains the bearish advantages, then we can expect new bearish activity after the formation of the rebound. Today, the support levels on the hourly chart are set at 1.3223 - 1.3185 - 1.3154 (classic pivot levels).
***
Ichimoku Kinko Hyo (9.26.52) and Kijun-sen levels in the higher time frames, as well as classic Pivot Points and Moving Average (120) on the H1 chart, are used in the technical analysis of the trading instruments.
*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.
