This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
The price test of 1.2506 in the afternoon occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry.
Key events on May 3: fundamental analysis for beginners
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.
Show more
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.