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Analytics today
On the contrary, if gold makes a technical correction, we could expect it to reach the bottom of the uptrend channel around 2,382. This level could be a good point.
Forecast of EUR/USD pair on May 21, 2024
On Monday, the EUR/USD pair reversed in favor of the US dollar and began a new decline toward the corrective level of 61.8% (1.0837). A rebound from this level would.
Trading plan for EUR/USD on May 21. Simple tips for beginners
Analyzing Monday's trades: EUR/USD on 1H chart EUR/USD continued to hover near its local highs throughout Monday. Bears lack the strength to start a correction at the moment.
Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday May 21, 2024.
Even though on the 4-hour chart the NZD/USD 20 EMA commodity currency pair is above the 50 EMA, which indicates that Buyers still dominate the current market, the appearance.
Forecast for USD/JPY on May 21, 2024
USD/JPY Yesterday, the dollar dominated over the yen, rising by 60 pips, surpassing the target level of 155.75 and the 50% Fibonacci level (156.03). Now, the price is aiming.
Will the dollar start a reversal?
The euro managed to take the opponent's serve when the US dollar weakened against major global currencies following the release of US inflation data for April. Will the greenback.
Trading Signals for EUR/USD for May 20-22, 2024: sell below 1.0864 (21 SMA - 6/8 Murray)
EUR/USD is trading around 1.0864, showing signs of exhaustion. The instrument has found strong resistance around 6/8 Murray. On the H4 chart, the euro was generating a strong bullish signal.
Trading Signals for GOLD (XAU/USD) for May 20-22, 2024: buy above $2,413 or sell below $2,437 (21 SMA - 7/8 Murray)
In the American session, Gold (XAU/USD) is trading around 2,413, below the 7/8 Murray, and above the 21 SMA. During the European session, the metal reached a high at about.
Analysis of GBP/USD pair on May 20th
For the GBP/USD pair, wave analysis remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% in April indicated the market's readiness to build a downward.
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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.