InstaForex Chin Zhao
Analysis of GBP/USD. April 2nd. The dollar awaits the JOLTS report
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have been observing movements between the Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wav...
6 months ago
Analysis of EUR/USD. April 2nd. ISM index allowed the market to move in the right direction
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 in 3 or c of the downtrend segment. If this is indeed the case, the decline in quotes will continue for a very...
6 months ago
Analysis of GBP/USD. April 5th. The dollar received meager support from strong payrolls
The wave analysis for the GBP/USD pair remains quite complex. For several months in a row, we have observed movements between Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wave pat...
6 months ago
Analysis of EUR/USD. April 5th. There is still no positive news from the E
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we are observing the construction of the assumed wave 3 in 3 or c of the downward trend section. If this is indeed the case, then the decline in quotes will conti...
6 months ago
What to expect for the pound next week?
The pound remains within the horizontal part of the trend, which is not actually a trend. I would like to remind you that currently, a downward wave set is still being formed. It is assumed that the wave 2 or b is, but it could also take on a more prolong...
6 months ago
What to expect for the dollar next week?
The dollar missed plenty of opportunities to strengthen against the euro and the pound. Fortunately, the greenback will have another chance next week. On Wednesday, the U.S. will release its inflation report for March, and there's a good chance that it wi...
6 months ago
What to expect for the euro next week?
We just saw strong U.S. data and a very weak reaction from the market. I want to highlight that the demand for the U.S. currency was supposed to increase much more strongly, but throughout the week, the market was more focused on selling the dollar than b...
6 months ago
EUR/USD. Analysis for April 8th. The euro will continue to decline
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave 3 in 3 or c of the downtrend section. If this is indeed the case, the decline in quotes will continue for a very...
6 months ago
GBP/USD. Analysis for April 8th. The pound remains expensive despite everything
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have been observing movements between the Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wav...
6 months ago
The June issue can be considered a closed case
The U.S. currency is finally starting to see some demand. The greenback surged after the inflation report for March showed that the Consumer Price Index rose 3.5% over the last 12 months. The market did not expect such a sharp increase in inflation and re...
6 months ago
The market rushed the Fed and was sorely mistaken
In recent months, I have repeatedly stated the same thing: the Federal Reserve is not ready to lower rates in any particular month. In other words, there is no plan or schedule for interest rate cuts, nor can there be. I personally don't understand where...
6 months ago
The market is disappointed and softening expectations for the FOMC rate
After the latest inflation report showed that US consumer prices accelerated to 3.5%, many major companies and banks issued their updated forecasts for the Federal Reserve's rate in 2024. But let's start dissecting this issue not with them, but with the C...
6 months ago
Christine Lagarde: inflation is easing
The third European Central Bank meeting of 202 has ended. The market expected that interest rates would remain unchanged, and it proved to be right. However, some analysts and economists also anticipated that ECB President Christine Lagarde would announce...
6 months ago
GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure
The wave analysis for the GBP/USD pair remains quite complex. For several months now, we have observed movements between Fibonacci levels of 50.0% and 23.6%. Horizontal movement is not the best for wave analysis. As I have already noted, the wave pattern...
6 months ago