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Analytics today
The upcoming week is expected to see a general sideways movement in the price of the British pound major. One should expect growth towards the calculated resistance zone.
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th
The upcoming week is expected to see a general sideways movement in the euro's price. In the coming days, one should expect an increase towards the calculated resistance zone. Subsequently.
Technically analysis of EUR/USD for week on May 6-11
Last week, while moving up, EUR/USD tested 1.0793, the Fibonacci retracement level of 50%, plotted by the yellow dotted line. After that, the price went down, closing the weekly candle.
Trading plan for GBP/USD on May 6. Simple tips for beginners
Analyzing Friday's trades: GBP/USD on 1H chart The GBP/USD pair continued its upward movement on Friday. As seen in the chart above, the price consolidated below the ascending trend line.
Trading plan for EUR/USD on May 6. Simple tips for beginners
Analyzing Friday's trades: EUR/USD on 1H chart EUR/USD continued its upward movement on Friday. Last week, there were quite a few important events for the dollar, and the market used.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024.
After being stuck at level 111.55 on the 4-hour chart, the CAD/JPY cross currency pair is now being corrected strongly where the main objective is to test the level.
Technical Analysis of Intraday Price Movement of USD/IDR Exotic Currency Pairs , Monday May 06, 2024.
With the appearance of the Bearish 123 pattern on the 4 hour chart of the exotic currency pair USD/IDR even though the MA 20 condition is still above.
Forecast for AUD/USD on May 6, 2024
AUD/USD On Friday, the Australian dollar climbed above the resistance level of 0.6627, as it previously did on March 8, March 21, and April 9. And until the price consolidates.
What to expect for the euro next week?
Another week came to an end, and for the dollar, it ended quite differently than I expected. The US reports failed market expectations. Unfortunately, the crucial reports were weak, which.
USD experiences day X
The expected non-farm payrolls data may show that the US economy created 243k new jobs last month. This number is significantly lower than the 303k jobs added in March, which.
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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.