Instant account opening
Site map
Български Čeština English Français Deutsch Italiano Polski Português Română Русский Slovenský Español Nederlands

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
cabinet icon

InstaForex – always at the forefront!Open a trading account and become a part of the InstaForex Loprais Team!

Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!

Join in and win with InstaForex!

Instant account opening

Registration is not available for non-EU residents. Please, proceed to the website of the other member of the InstaForex group.
toolbar icon

Trading Platform

For mobile devices

Company does not offer investment advice and the analysis performed does not guarantee results

Exchange Rates 12.02.2019 analysis

Wave counting analysis:

On February 11, the GBP / USD pair lost about 85 bp, therefore going to the construction of an estimated wave of 5, 1, or a new downward trend. In the near future, the pair may complete the construction of this wave and proceed to the construction of a corrective 2 or b. An unsuccessful attempt to break through the 50.0% level on the older Fibonacci grid could just lead to this. On the other hand, the news background still does not contribute to the pound sterling increase, but a not too deep wave 2 or b can still be built. In the near future, Theresa May is going to continue its negotiations with the EU and postpone the date of voting on the plan for leaving the European Union to a later date.

Shopping goals:

1.3216 - 0.0% Fibonacci (formal goal)

Sales targets:

1.2827 - 50.0% Fibonacci

1.2734 - 61.8% Fibonacci

General conclusions and trading recommendations:

The wave pattern implies the completion of the construction of the first wave of the downward trend section in the near future. Thus, now, I recommend closing sales when there are signs of completion of this wave. An unsuccessful attempt to break the 1.2827 mark could be such a sign. Consequently, I expect to build a correctional wave.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Chin Zhao,
Analytical expert
InstaForex Companies Group © 2007-2019
Top up trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 48.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD