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Analytics today
The price test of 1.0837 occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point.
Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday May 16 2024.
From what can be seen on the daily chart, the main currency pair USD/JPY appears to have a Bearish 123 pattern appearing, even though currently the EMA 20 is still.
Forecast for GBP/USD on May 16, 2024
GBP/USD Yesterday, the pound took advantage of the bullish momentum in adjacent markets and it managed to overcome strong resistance from trend and indicator lines at 1.2596 and 1.2648.
Outlook for EUR/USD on May 16. The market saw a hidden message in the US inflation data
The EUR/USD pair continued to trade upward on Wednesday. Yesterday, volatility was a bit higher, as we had anticipated. The inflation report is a very important event for the forex.
Trading Signals for GOLD (XAU/USD) for May 15-17, 2024: sell below $2,375 or buy if rebounds at $2,354 (21 SMA - 6/8 Murray)
If gold falls and consolidates below 2,340, the outlook could be negative and we could expect a bearish acceleration towards the psychological level of $2,300 or around.
Analysis of the GBP/USD pair on May 15th. The p[ound celebrated the slowdown in inflation in the United States
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% in April indicated the market's readiness to build.
GBP/USD: Simple trading tips for novice traders on May 15th (US session)
Trade analysis and tips for trading the British pound The test of the price at 1.2610 came at a time when the MACD indicator had risen significantly from the zero.
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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.