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
Bullish players managed to seize the initiative yesterday. As a result, we saw not only a slowdown but also a strong corrective rise, allowing the EUR/USD pair to rebound to the weekly cloud (1.0811) on the daily timeframe and head towards the resistance levels of the daily short-term trend (1.0839) and the upper border of the weekly cloud (1.0864). If the price settles above these levels, along with confirming the result on the weekly timeframe, it will allow the bulls to set the stage for a rebound from the weekly cloud. The next goal in this direction would be to enter the bullish zone relative to the monthly Ichimoku cloud. If the current correction ends and bearish activity returns to the market, attention will shift to the daily target (1.0710 – 1.0654) and monthly support (1.0611).
H4 – H1
On the lower timeframes, bullish players have gained control over key levels and are positioned above 1.0818 (weekly long-term trend) – 1.0809 (central Pivot level of the day), securing their support and main advantage. Should the rise continue, the intraday resistances of the classical Pivot levels (1.0848 – 1.0868 – 1.0907) will come into play today. In the case of a setback for the bulls and a return of bearish activity, intraday market focus will shift to the support levels of the classical Pivot levels (1.0789 – 1.0750 – 1.0730).
***
GBP/USD
Higher timeframes
Yesterday, bullish players almost fully negated all their opponent's efforts from the previous day. The corrective rise allowed the GBP/USD pair to recover to the area where resistance levels are located at the lower border of the daily cloud (1.2988) and the daily short-term trend (1.3003). A firm position above these resistances would allow new targets to be considered for the next stage of the upward corrective movement. If the bulls fail, a drop below the weekly medium-term trend (1.2939) and a new low (1.2906) would revive bearish plans to advance towards the cluster of monthly supports (1.2797 – 1.2830 – 1.2864).
H4 – H1
On the lower timeframes, the GBP/USD pair is currently testing the weekly medium-term trend (1.2983). A breakout and trend reversal could shift the current balance of trading forces. Control of the trend provides a key advantage on the lower timeframes. Therefore, securing a position above the trend would support a further bullish outlook. Intraday targets for a further rise are the resistance levels of the classical Pivot levels (1.3003 – 1.3033 – 1.3081). A rebound from the trend level (1.2983) and renewed bearish activity would shift focus back to bearish targets at the support levels of the classical Pivot levels (1.2925 – 1.2877 – 1.2847).
***
This technical analysis is based on the following ideas:
Larger timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
Lower timeframes - H1 – classic pivot points + 120-period Moving Average (weekly long-term trendline)
*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.
