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The price test of 156.64 occurred at a time when the MACD indicator had moved significantly below the zero mark, and had been in that position for quite some time.
EUR/USD and GBP/USD: Technical analysis on May 29
The bulls faced yet another setback. Yesterday, they failed to update the pair's high (1.0895) and move beyond the weekly resistances (1.0859 - 1.0871). As a result, EUR/USD bounced downwards.
Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday June 05, 2024.
Even though the dominance of Buyers on the 4-hour chart of the main currency pair USD/CHF is still quite strong, as indicated by the position of the EMA 50 which.
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 29, 2024.
On the 4-hour chart of the AUD/JPY cross currency pair, you can see the appearance of a Bearish Divergent Bar which is the first Wiseman signal which has angulation with.
Forecast for GBP/USD on May 29, 2024
GBP/USD Yesterday, the British pound tested the upper boundary of a 3-year descending price channel. If the price doesn't surpass yesterday's high in the next couple of days, the channel.
Overview of EUR/USD on May 29. Calm news and a stubborn euro
EUR/USD continued its upward movement on Tuesday. The euro advanced in the absence of significant news and reports. Some may argue that the growth was quite weak, both on Monday.
EUR/USD: What could stop the growth of the euro? A hypothesis
The EUR/USD pair has been in the growth stage for almost a month and a half. I have a lot of questions about this growth since bull traders attack.
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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.