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Analytics today
The Bank of Japan, following the March meeting, finally decided to take the first step towards normalizing its monetary policy. For the first time since 2007, the regulator raised.
Trading plan for EUR/USD and GBP/USD on March 19
Dollar fell on Monday, but the scale of its decline seems to be a continuation of the pullback following a prolonged and impressive rise. It also has no reason.
EUR/USD and GBP/USD: Technical analysis on March 19
The pair continues testing nearby supports. The zone 1.0876 - 1.0862 - 1.0839 combines many strong levels across various timeframes and is the most important on this section.
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday March 19, 2024.
With the appearance of deviations between the price movement of the Crude Oil commodity asset and the Stochastic Oscillator indicator on the 4-hour chart, even though currently the #CL condition.
Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday March 19, 2024.
Even though on the 4-hour chart of the Gold commodity asset, the condition of the Stochastic Oscillator indicator is at the Overbought area level and is getting ready to fall.
Trading Signals for GOLD (XAU/USD) on March 19-20, 2024: Buy above $2,157 (5/8 Murray - 200 EMA)
According to the H1 chart, gold is trading within a symmetrical triangle pattern. A sharp break below or above this pattern is anticipated in the coming days. This might cause.
Forecast for EUR/USD on March 19, 2024
EUR/USD: Yesterday, the euro once again tested the upper shadow of resistance at the MACD line and the target level of 1.0905. We have confirmed that the price has consolidated.
Outlook for GBP/USD on March 19. Pound gradually falls ahead of two meetings
GBP/USD also did not show any interesting movements on Monday. The pair's volatility was even weaker than the euro's, but the dollar continued to rise throughout.
Markets await the Bank of England's decision. Overview of GBP/USD
The Bank of England is scheduled to hold its monetary policy meeting on Thursday, March 21. It is expected that the rate will be kept at the level of 5.25%.
Euro rebounds on rate expectations amid industry slump. Overview of EUR/USD
In January, industrial production dropped sharply by 3.2% in the euro area, while production fell 6.7% year-on-year, with both indicators significantly worse than forecasts. Europe's largest economy may have already.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.