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The wave pattern on the 4-hour chart for EUR/USD remains unchanged. Currently, we are observing the formation of a presumed wave 3 in 3 or c of the downward trend.
Forecast of GBP/USD pair on May 23, 2024
On the hourly chart, the GBP/USD pair continued to trade slightly above the 1.2690-1.2705 zone on Wednesday and Thursday. Thus, the pair can continue moving upward towards the next resistance.
EUR/USD: Simple trading tips for novice traders on May 23rd (US session)
Analysis of transactions and tips on trading the European currency The price test of 1.0822 came when the MACD indicator started to decrease from zero, which allowed us to confirm.
GBP/USD: trading plan for the US session on May 23rd (analysis of morning deals). Buyers hit resistance at 1.2760
In my morning forecast, I paid attention to the 1.2730 level and planned to decide to enter the market from it. Let's look at the 5-minute chart and figure.
EUR/USD: trading plan for the US session on May 23rd (analysis of morning deals). The euro rebounded from the 1.0819 level
In my morning forecast, I highlighted the level of 1.0819 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and understand what happened.
Trading Signals for EUR/USD for May 23-25, 2024: buy above 1.0834 (200 EMA - rebound)
Early in the American session, the Euro (EUR/USD) is trading around 1.0825, above the 21 SMA, and above the 200 EMA with a good technical rebound after it reached.
Trading Signals for SILVER (XAG/USD) for May 23-25, 2024: buy above 30.00 (200 EMA - rebound)
XAG/USD is consolidating above 30.32. It could rise until reaching the 21 SMA located at 30.76. Once this level is surpassed, the metal could reach the daily R_1 around 31.76.
USD/JPY: Simple trading tips for novice traders on May 23rd. Analysis of yesterday's forex transactions
Analysis of trades and tips for trading the Japanese yen The test of the 156.56 price level occurred when the MACD indicator had moved significantly upward from the zero mark.
GBP/USD: Simple trading tips for novice traders on May 23rd. Analysis of yesterday's forex transactions
Analysis of transactions and tips on trading the British pound The price test of 1.2727 came at a time when the MACD indicator was just starting to move up from.
Forecast for EUR/USD pair on May 23, 2024
EUR/USD Yesterday, the markets showed reduced risk appetite – the S&P 500 stock index fell by 0.27%, and the dollar index rose by 0.29%. Now, the euro has three short-term.
Trading Signals for GOLD for May 23-25, 2024: buy above $2,353 (200 EMA - rebound)
If gold reaches the key level of 2,350, it could be seen as the condition for a technical rebound since technically according to the H1 graph, the instrument is oversold.
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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.