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Analytics today
For Friday, the lineup of macroeconomic events is quite considerable. Let us start with the US reports as they can be crucial for the US dollar. In recent weeks.
Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 03 2024.
On the 4 hour chart of Doge cryptocurrency, Seller seems still looks dominating where this is shown by the MA 20 which is below MA 200. However, with the price.
Forecast for GBP/USD on May 3, 2024
GBP/USD The British pound remains focused on achieving a 50% correction from the decline between March 8th and April 22nd. This correction coincides with the target level of 1.2596. Pressure.
Analysis of GBP/USD pair on May 2nd. The final chord for the dollar
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave.
Trading Signals for GOLD (XAU/USD) for May 2-4, 2024: buy above $2,280 (200 EMA - symmetrical triangle)
Gold is trading around 2,287.62, above the 200 EMA, and within a symmetrical triangle pattern forming since April 16. Yesterday, gold reached the 2,230 area, it tried to break this.
USD/JPY: Simple trading tips for novice traders on May 2nd (US session)
Analysis of transactions and trading advice for the Japanese yen The test of the price at 155.05 occurred at a time when the MACD indicator had descended significantly from.
GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521
In my morning forecast, I highlighted the level of 1.2521 and planned to base market entry decisions on it. Let's look at the 5-minute chart and analyze what happened there.
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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.