This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Analytics today
The price test of 156.75 occurred at a time when the MACD indicator had just started to move up from the zero mark, which confirmed the entry point.
EUR/USD and GBP/USD: Technical analysis on May 24
The bears are trying to extend the downward movement. Since they encountered a wide support area, they started testing it. In order to strengthen the bearish bias under current conditions.
Forecast for EUR/USD on May 24, 2024
EUR/USD Yesterday, the main event was the 0.74% drop in the U.S. stock market. Gold also fell by 2.49%, and oil (WTI) by 0.94%. The dollar index strengthened by 0.10%.
The yen may have already executed a long-term reversal. Overview of USD/JPY
Business activity in Japan is growing at its fastest pace in almost a year, indicating that economic growth may recover in the second quarter after a decline in the first.
Analysis of GBP/USD pair on May 23rd. American reports saved the dollar
The wave pattern for GBP/USD remains quite complex. A successful attempt to break through the 50.0% Fibonacci level in April indicated the market's readiness to form a downward wave.
USD/JPY: Simple trading tips for novice traders on May 23rd (US session)
Analysis of transactions and tips on trading the Japanese yen The price test of 156.80 came when the MACD went up a lot from zero, limiting the pair's upward potential.
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.
Show more
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.