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Analytics today
Analyzing Thursday's trades: GBP/USD on 1H chart GBP/USD also started a small bearish correction, but the upward trend remains intact. In fact, the dollar was quite lucky it didn't fall.
Forecast for GBP/USD on May 17, 2024
GBP/USD Yesterday, the British pound slightly declined, closing the day with a black candle for the first time in five days. The rise that we saw in the last five.
Outlook for EUR/USD on May 17. A modest correction might not have happened
The EUR/USD pair went through a minor bearish correction on Thursday. It was so weak that it's unclear whether the pair will even drop to the Senkou Span B line.
Analysis of GBP/USD pair on May 16th
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the 50.0% Fibonacci level in April indicated the market's readiness to build a downward.
GBP/USD: Simple trading tips for novice traders on May 16th (US session)
Trade analysis and tips for trading the British pound The initial test of the price at 1.2670 occurred when the MACD indicator had descended significantly from the zero mark, limiting.
EUR/USD: trading plan for the US session on May 16th (analysis of morning deals)
In my morning forecast, I emphasized the level of 1.0879 and planned to make decisions based on it for market entry. Let's look at the 5-minute chart and figure.
GBP/USD. May 16th. The market still believes in the FOMC rate cut
On the hourly chart, the GBP/USD pair on Wednesday consolidated above the level of 1.2611 and rose to the corrective level of 23.6%-1.2690. A rebound from this level will favor.
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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.