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On the hourly chart, the GBP/USD pair executed a new reversal in favor of the British pound on Thursday. They resumed the upward movement towards the 38.2% Fibonacci retracement level.
EUR/USD: trading tips for beginners for European session on May 3
The price test of 1.0694 in the afternoon occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair's bearish potential. For this.
Trading plan for GBP/USD on May 3. Simple tips for beginners
Analyzing Thursday's trades: GBP/USD on 1H chart The GBP/USD pair also tried to initiate a downward movement on Thursday after the price consolidated below the ascending trend line.
Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday May 03 2024.
On the 4 hour chart of Solana cryptocurrency, although MA 20 is below MA 200 which indicates that those cryptocurrency is in the seller pressure but with the price movement.
Forecast for USD/JPY on May 3, 2024
USD/JPY The yen continues to actively fluctuate. Yesterday's trading range exceeded 3 figures, closing the day down by 93 pips. The pair continues to fall in today's Pacific session.
Trading Signals for EUR/USD for May 2-4, 2024: buy above 1.0681 (21 SMA - 3/8 Murray)
The euro could consolidate between 1.0742 (4/8 of Murray) and 1.0620 (2/8 of Murray) in the coming days. We believe that this price range could fluctuate for a long time.
Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed 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.
JPY terrifies traders
Forex intervention is effective when it is carried out on time. Japan has mastered this art in the course of time. The monetary authorities entered Forex for the second time.
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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.