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Analysis of trades and tips for trading the Japanese yen The test of the 155.94 price level occurred when the MACD had moved significantly up from the zero mark, limiting.
GBP/USD: trading plan for the US session on May 17th (analysis of morning deals). The pound was bought back around 1.2643
In my morning forecast, I paid attention to the 1.2643 level and planned to decide to enter the market from it. Let's look at the 5-minute chart and figure.
GBP/USD. May 17th. US statistics disappoint bears again
On the hourly chart, the GBP/USD pair on Thursday rebounded from the resistance zone of 1.2690–1.2705, reversed in favor of the US dollar, and began to fall towards 1.2611.
Dow Jones soars: 40,000 points, while GameStop and AMC fall without brakes
The Dow Jones Industrial Average (.DJI), which has lagged the leading U.S. stock indexes this year, topped 40,000 for the first time on Thursday, briefly setting a new record.
EUR/USD: trading tips for beginners for European session on May 17
The price test of 1.0858 occurred at a time when the MACD indicator had sharply fallen below the zero mark, which limited the EUR/USD pair's potential to fall.
Trading Signals for EUR/USD for May 17-21, 2024: sell below 1.0864 (21 SMA - 6/8 Murray)
A positive outlook could still be maintained for the euro if it consolidates above 1.0750. Above this area, the euro could resume its bullish cycle and reach the psychological level.
Forecast for EUR/USD on May 17, 2024
EUR/USD After a sharp rise on Wednesday, the euro retreated by 16 pips the next day. This morning, it continues to show a corrective decline (following the preceding three days.
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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.