16.08.201713:32 Forex Analysis & Reviews: Wave analysis of the GBP / USD pair for August 16, 2017

Long-term review

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Analysis of wave counting:

Yesterday's GBP / USD trades started with a downward movement. After losing more than 120 percentage points, it dropped to the level of 1.2845 in the afternoon. Thus, it can be assumed that the currency pair did not give the wave (b) in a form of a horizontal triangle with a decreasing corrective structure that originated from the maximum on August 3. As a result of this decline, it passed to the stage of wave (s) formation. If this happens, the ratio between the dimensions of waves a and c in a downward correction allows the probability of the continuation of a decrease in quotations to the level of 1.2790 or even almost to the level of the 27th figure.

Objectives for building a downward wave:

1,2835 - 61,8% by Fibonacci

1,2789 - 76.4% Fibonacci retracement

Goals for building an upward wave:

1,3000 - 1,3100

General conclusions and trade recommendations:

The British currency may have completed the construction of wave 3 or C in the upward trend section. In this case, it may be necessary to adjust the internal structure of this wave which is more complicated. The last section of the trend is a three-wave correctional structure a-b-c. Thus, the decline of quotations will continue with targets near the estimated levels of 1.2835 and 1.2789 that corresponds to 61.8% and 76.4% Fibonacci within the wave (s).

Voltar a lista

Open 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.