08.01.201810:03 Forex Analysis & Reviews: Wave analysis of the EUR / USD currency pair. Weekly review

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Analysis of wave counting:

In the first trading week of the new year, the EUR / USD did not show any significant activity, remaining in the range between the level of the 20th figure and the mark of 1.2090. It can be assumed that the currency pair continued to make attempts to complete the formation of the wave c, b, in the 4th, A, (C). If this is so, then the divergence of the MACD indicates a possibility of an early turn in the price in favor of the dollar and the beginning of the formation of the future wave c, in the 4th, A, (C).

Targets for the upward wave option:

1.2000 - 1.2050

Targets for the downward wave option:

1.1510 - 38.2% by Fibonacci

1.1330 - 50.0% by Fibonacci

General conclusions and trading recommendations:

The tool continues to build the first waves in the composition of the future C. This week, it is possible to resume the decline in quotations within the wave c, at 4, A, (C) with targets located near the estimated marks of 1.1510 and 1.1330, which corresponds to 38.2% and 50.0% of Fibonacci. The divergence of the MACD indicates the willingness of the instrument to build a downward wave.

Back to the list

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.