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 Time Frames
Yesterday, the monthly short-term trend resistance (1.0909) was tested. Despite the significant upward gap at the opening and the bulls' persistence, the outcome is recorded as a long upper shadow on the daily candle. It may take considerable effort from the bulls to overcome this monthly resistance (1.0909) and push into the bullish zone relative to the bearish monthly Ichimoku cloud (1.0943). The cluster of weekly levels (1.0876, 1.0863, 1.0844) and the daily short-term trend (1.0842) maintain a gravitational pull on the current development, providing some support for the bulls. For bears to assert their stance, they must break free from this zone and move significantly lower.
H4 – H1
The pair is in a corrective zone on the lower time frames, staying above the weekly long-term trend (1.0858), giving bulls the main advantage. Today's upward targets within the day are the classic Pivot resistance levels (1.0908, 1.0939, 1.0963) and the target for breaking through the H4 cloud (1.0921, 1.0939). Breaking and reversing the trend (1.0858) would create conditions to shift the current balance of power. The downward targets within the day are the classic Pivot support levels (1.0853, 1.0829, 1.0798).
***
GBP/USD
Higher Time Frames
The upward gap pushed the pair into the influence of two key levels. The bulls found support from the daily short-term trend (1.2942), preventing the gap from closing, while the bears relied on the weekly medium-term trend resistance (1.2971), which halted the bulls from achieving higher targets. Today's development still depends on these two levels; whoever breaks through the opposing level will likely dictate the direction.
H4 – H1
On the lower time frames, the situation is neutral. Key levels of 1.2961 (central daily Pivot) and 1.2958 (weekly long-term trend) have converged and are aligned horizontally. The H4 cloud (1.2976, 1.2988) adds to the uncertainty. If either side establishes a decisive movement, the classic Pivot levels within the day will come into play. Bulls need to break through the classic Pivot resistances (1.2989, 1.3025, 1.3053), while bears need to break through the classic Pivot supports (1.2925, 1.2897, 1.2861).
***
Technical Analysis Tools Used:
*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.
