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Trade analysis and tips for trading the British pound There was no testing of the levels I indicated due to the low market volatility in the first half.
EUR/USD: trading plan for the US session on May 7th (analysis of morning deals). The euro remains within the channel
In my morning forecast, I noted the level of 1.0776 and planned to make decisions on market entry based on it. Let's look at the 5-minute chart and analyze what.
GBP/USD. May 7th. The pound feels a surge of strength ahead of the Bank of England meeting
On the hourly chart, the GBP/USD pair executed a new reversal in favor of the American on Monday and headed towards the lower line of the ascending trend channel.
Trading plan for GBP/USD on May 7. Simple tips for beginners
Analyzing Monday's trades: GBP/USD on 1H chart The GBP/USD pair also tried to continue its upward movement on Monday, which has been ongoing for several weeks, but the price failed.
Trading Signals for EUR/USD for May 7-9, 2024: buy above 1.0780 (symmetrical triangle - 4/8 Murray)
Early in the European session, the EUR/USD pair is trading around 1.0762, showing signs of exhaustion and going through a technical correction below 5/8 Murray (1.0803). On the H4 chart.
Forecast for USD/JPY on May 7, 2024
USD/JPY The USD/JPY pair is trying to recover after a six-digit decline to the magnetic point formed by the intersection of the balance and MACD lines on the daily chart.
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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.