Ea s3 forex

We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex. The analysis from yesterday is still valid. My advice is to watch for potential selling opportunities. The first downward target is set at the price of The short-term trend is bearish. As anticipated yesterday, the market has made a wave -iv- blue to the upside and now it is continuing to develop full impulsive structure to the downside where wave -v- is missing.

The target for wave five, after breaking the intraday support at the level of Nevertheless, the bias is still bearish and more downside is expected. The line in the sand for bulls is at the level of All sell orders from the beginning of the week should be still kept open as the market approaches the important levels.

The TP for forex orders should be placed at the forex of Quiet trading conditions have caught forex current market in a range zone between the levels of For the upside cycle, the projected target levels are in the supply zone between the levels of The market is still trading above the level of Please notice that this is wave B which is making such trading conditions.

It might get choppy but overall buying forex dips is the way to trade this market. The wave progression is developing as anticipated and still higher highs are being made.

It looks like the wave 3 might have been done and internal corrective sub-cycle is being made now. The projected level for this cycle to complete is at the level of 1. However, if this level is broken, then the next target for the wave 4 is at the level of 1. Only a clear and sustained forex below this level would invalidate the bullish outlook and made a corrective cycle more complex and time-consuming. Daytraders should consider opening buy limit orders from the level of 1.

Brown trend line has been broken and the impulsive bearish count has been invalidated. From Elliott Wave point of view current wave progression looks like a very complex and time consuming wave iv, so there is still one more wave to the downside missing as long as 1. Current shape of wave iv is ABC in three waves, so it might indicate, that an Ascending Triangle wave iv pattern is unfolding and there are two waves missing to complete this pattern: The Key Level zone in grey rectangle must hold if further upside wave progression is to be made.

First TP is at 1. Yesterday, the Euro in forex Week opening left a gap that was covered at the beginning of the day, after it had a significant correction to the levels of the day moving average, now we see that this bouncing, hope this stops at 1. Therefore, we recommend the next signal on the chart below.

If you need personal consultation, Skype: The Australian Dollar has found strong resistance at 0. The Australian dollar, this week had a recovery from the first month of 0. All this gave him strength to the Aussie, which reached maximum of 0. The British Pound, a few weeks ago was operating below 1. Therefore, we recommend you sell below 1.

Yesterday the euro came off the levels of June 18 for the first time carrying a maximum at 1. On the other hand, we note forex the momentum indicator is located below the line of the MACD in bearish territory, showing a decline of the euro for the next few days.

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Fundamental analysis Fractal analysis Wave analysis Technical analysis Review Forecast Stock Markets. EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD GBPJPY EURGBP EURJPY NZDUSD EURNZD Silver Gold USDX. Due to higher time frame cycles bias is still to the downside. Gerardo Porras Palomino