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The EUR/USD pair reversed in favor of the European currency on Thursday and resumed its growth, ending the day in the resistance zone of 1.0764–1.0806 and near the resistance zone.
GBP/USD: Simple trading tips for novice traders on May 10th (US session)
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.
GBP/USD: trading plan for the US session on May 10th (analysis of morning deals). The pound hit 1.2535
In my morning forecast, I paid attention to the 1.2535 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
GBP/USD: trading tips for beginners for European session on May 10
The price test of 1.2467 occurred at a time when the MACD indicator was just starting to move down from the zero mark after the Bank of England announced.
EUR/USD and GBP/USD: Technical analysis on May 10
The bulls managed to enter the positive territory beyond the weekly Ichimoku cloud (1.0750 - 1.0736). They also succeeded in testing the next cluster of resistance levels at 1.0795.
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 AUD/USD on May 10, 2024
AUD/USD On the daily chart, the Australian dollar appears to be in a strong upward position, as it is staying above both indicator lines while Marlin is in the positive.
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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.