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Trade analysis and tips for trading the British pound I did not test the levels I indicated in the first half of the day. The pound's rise after good.
EUR/USD: trading plan for the US session on May 10th (analysis of morning deals). The euro shows no signs of life
In my morning forecast, I paid attention to the 1.0785 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
USD/JPY: trading tips for beginners for European session on May 10
The price test of 155.79 occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry point to sell.
Trading plan for EUR/USD on May 10. Simple tips for beginners
Analyzing Thursday's trades: EUR/USD on 1H chart EUR/USD resumed its upward movement on Thursday and once again it was near the upper boundary of the channel. Thus, the bullish correction.
Trading Signals for GOLD (XAU/USD) for May 10-13, 2024: buy above $2,334 (21 SMA - rebound)
Gold is trading around 2,352.9, above the symmetrical triangle that was broken and with a strong bullish trend originated after breaking the symmetrical triangle pattern. Yesterday in our analysis.
Forecast for GBP/USD on May 10, 2024
GBP/USD The Bank of England meeting showed that two members of the Monetary Policy Committee voted in favor of a rate cut. We expected the exact distribution of votes (2-7).
Outlook for EUR/USD on May 10. The euro went up for no reason
EUR/USD edged up on Thursday. The chart may suggest that the upward movement was strong; however, in reality, the pair has moved no more than 60 pips over the past.
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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.