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We should pay attention to the 2,340 or 2,330 area, as gold could bounce around these points and we could look for opportunities to buy with targets at 2,375.
Analysis of EUR/USD pair on May 13th. Austan Goolsbee: Long-term inflation is important, not short-term
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed wave.
EUR/USD: Simple trading tips for novice traders on May 13th (US session)
Transaction analysis and trading tips for the European currency The initial test of the price at 1.0785 in the first half of the day occurred when the MACD indicator.
GBP/USD: trading plan for the US session on May 13th (analysis of morning deals). The pound remains below 1.2540
In my morning forecast, I highlighted the level of 1.2538 and planned to base market entry decisions on it. Let's take a look at the 5-minute chart and analyze what.
EUR/USD: trading plan for the US session on May 13th (analysis of morning deals). The euro remains trapped in the channel
In my morning forecast, I paid attention to the 1.0789 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
EUR/USD. May 13th. Bears and bulls have found a balance
The EUR/USD pair traded strictly between the levels of 1.0764 and 1.0785 on Friday. Trader activity was nonexistent, with horizontal movement observed all day. The zone 1.0764–1.0785 is part.
GBP/USD. May 13th. Traders await the US inflation report
On the hourly chart, the GBP/USD pair traded horizontally on Friday, above 1.2517. Thus, the upward process may continue towards the next corrective level of 38.2%-1.2565. If the pair's rate.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and the US dollar index on May 13th
The upcoming week is expected to continue the overall sideways movement of the British currency. After a likely decline and pressure on the support zone in the second half.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 13th
The upcoming week is expected to see continued sideways movement for the euro. A downward vector is most probable in the first half, with a reversal expected near the support.
EUR/USD: trading tips for beginners for European session on May 13
The price test of 1.0775 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.
Forecast for EUR/USD on May 13, 2024
EUR/USD The euro edged down on Friday, failing to reach the target level of 1.0796. Perhaps this is a reversal, and the price may reach the support at 1.0724.
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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.