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Analytics today
Analyzing Wednesday's trades: EUR/USD on 1H chart EUR/USD remained stagnant on Wednesday. Volatility for the entire day was only 22 pips. It was obvious that it made no sense.
Forecast for USD/JPY on May 9, 2024
USD/JPY The USD/JPY pair started a significant correction after a sharp drop due to the Bank of Japan's currency intervention. The pair reached the target level of 155.75.
What to expect from the Bank of England meeting?
The Bank of England meeting will reveal the central bank's decisions. The market does not expect significant changes. The main question boils down to whether the BoE or Governor Andrew.
Analysis of GBP/USD on May 8th. The pound hits an important level
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to form a downward wave.
EUR/USD: Simple trading tips for novice traders on May 8th (US session)
The test of the price at 1.0738 in the first half of the day occurred at a moment when the MACD indicator was just starting to move down from.
Trading Signals for CRUDE OIL (WIT) for May 8-15, 2024: buy above $78.12 (21 SMA - 2/8 Murray)
Early in the American session, Crude Oil (WTI) is trading around 78.44 within a downtrend channel forming since April 11 and within a secondary bearish channel forming since April.
GBP/USD: trading plan for the US session on May 8th (analysis of morning deals). The pound was bought in the area of 1.2471
In my morning forecast, I paid attention to the level of 1.2471 and planned to make decisions regarding market entry based on it. Let's look at the 5-minute chart.
EUR/USD: trading plan for the US session on May 8th (analysis of morning deals). No statistics, no movement
In my morning forecast, I paid attention to the 1.0758 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 8
The price test of 154.35 occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the USD/JPY pair's downward potential. The second test coincided.
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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.