Author: InstaForex.com

During the previous week, the EUR/USD pair tried to refresh the downward trend against the euro. At the same time, having broken through the lower line of already beginning to show upward channel, the price stopped under...

Pound/yen is still developing daily downtrend within wave C (colored light green on the chart). Within this wave we have a set of A-B waves (colored magenta) and wave C developing. The latter was confirmed on 128.64...

The euro has reached the level of 1.2890 amid the forecast by me positive report on non-farm payrolls in the USA. Today hardly any changes should be expected, as it is a bank’s holiday in the USA.

The markets demonstrated a positive dynamics yesterday, thus the euro ended up. Today a beginning of a new season is due, so, a fresh inflow of liquidity can become a basis for a good trend, though by...

On Friday, the European currency uprose against the US dollar amid declaration of the US FRS Chairman Ben Bernanke about an intent to support the economic recovery.

Support Levels: 1.0450, 1.0380, 1.0244Resistance Levels: 1.0680, 1.0858, 1.0990On a 4-hour chart USD/CAD has recoiled from the resistance level of 1.0680 after a strong uprising movement. However, the short term attitude to the currency pair remains bullish....

On Wednesday the euro versus the US dollar looked very volatile, though it was not able to show any trend. During the European session EUR/USD hit the maximum around 1.2725 after the level of business confidence in Germany...

According to wave count on hourly timeframe this currency pair is now moving within a strong med term downtrend. All the major waves are impulsive. The targets of the downside movement are Fibonacci expansions off AB waves...

Wave count on hourly TF shows that this currency pair is developing a strong med term downtrend. All the waves and subwaves are impulses.