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

For trading via browser

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

Wave counting analysis:

Exchange Rates 15.03.2019 analysis

On March 14, the GBP/USD pair fell by 50 basis points. Thus, the series of overly active days has ended. Yesterday, the UK Parliament approved Brexit's transfer for several months and rejected the proposal for a second referendum. Hereinafter, the British government will probably try to find new points of contact with the European Union in the next few months and once again try to agree on the Brexit terms, which would arrange the parliament. Will it be possible to accomplish this? What will happen if it fails? While it is difficult to say, the market is most pleased that there will not be a "hard" Brexit scenario, at least for now. With an estimated wave in c, c, c, and in Y, it can be completed near the 100.0% Fibonacci level after an unsuccessful attempt to break. However, a breakthrough can still happen with repeated testing of the level.

Purchases targets:

1.3350 - 100.0% Fibonacci

1.3454 - 127.2% Fibonacci

Sales targets:

1.2961 - 0.0% Fibonacci

General conclusions and trading recommendations:

The wave pattern has changed and now involves the formation of an upward wave with targets located near the calculated marks of 1.3350 and 1.3454, which corresponds to 100.0% and 127.2% Fibonacci. However, there is also a possibility of completion of the upward wave. Thus, I recommend waiting for clarification of the situation because there could be a reaction to yesterday's vote in parliament in today's European session. Therefore, strong movements are possible.

*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. 50% 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, a website operated by INSTANT TRADING EU LTD