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Analytics today
If we look at the 4-hour chart, it appears that the 50 MA is still above the 200 MA, where the Golden Cross intersection confirms that Buyers are still dominant.
Forecast for EUR/USD on May 28, 2024
EUR/USD The euro closed Monday up by 12 pips. This morning, the single currency continued to rise, which shows that it intends to reach the upper boundary of the price.
Outlook for GBP/USD on May 28. The pound found a reason to rise on Monday
GBP/USD continued its upward movement on Monday. Despite the absence of any significantly meaningful news or reports, the British pound kept rising. There's really nothing more to say. Even those.
CFTC report: investors continue to USD sell-off despite high yields
The latest CFTC report brought no surprises—the net speculative long position in the U.S. dollar has been declining for the fourth consecutive week. The greenback lost almost $5 billion, bringing.
Analysis of GBP/USD pair on May 27, 2024
The wave analysis for the GBP/USD remains quite complex. A successful attempt to break the 50.0% Fibonacci level in April indicated the market's readiness to form a downward wave.
GBP/USD: Simple trading tips for novice traders on May 27th (US session)
Analysis of trades and trading tips for the British pound Testing the 1.2755 level occurred when the MACD indicator had significantly moved above the zero mark, which limited further growth.
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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.