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The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. Currently, we observe the construction of the presumed wave 3 in 3 or C of the downtrend.
GBP/USD: Simple trading tips for novice traders for May 9th (US session)
Trade analysis and tips for trading the British pound The test of the price at 1.2467 occurred at a moment when the MACD indicator was beginning to move down from.
EUR/USD: Simple trading tips for novice traders for May 9th (US session)
Trade analysis and tips for trading the European currency The test of the price at 1.0735 in the first half of the day coincided with a moment when the MACD.
GBP/USD: trading plan for the US session on May 9th (analysis of morning deals). The pound continues to be held within the channel
In my morning forecast, I paid attention to the 1.2468 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
EUR/USD: trading plan for the US session on May 9th (analysis of morning deals). The euro rebounded from 1.0726
In my morning forecast, I paid attention to the 1.0726 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 9
There were no tests of the levels I mentioned in the afternoon. We came very close to testing 155.66, where we could have gotten a good entry point to sell.
Key events on May 9: fundamental analysis for beginners
There are very few macroeconomic events planned for Thursday. In general, we will only highlight the US report on initial jobless claims. However, this report is of secondary importance.
Forecast for EUR/USD on May 9, 2024
EUR/USD Yesterday, the euro was in a calm state, as accurately warned by the Marlin oscillator, gradually falling on the daily chart. The US Treasury auction did not strengthen.
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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.