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.
Popular analytics
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.
XAU/USD: downside is limited
Today, on the back of rising US Treasury yields, the price of gold is falling. Yesterday, on Wednesday, Federal Reserve Chairman Jerome Powell said that inflation is too high.
EUR/USD: trading tips for beginners for European session on May 2
The price test of 1.0675 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry.
Trading plan for EUR/USD on May 2. Simple tips for beginners
Analyzing Wednesday's trades: EUR/USD on 1H chart The EUR/USD pair showed dishonorable movements on Wednesday. First of all, the market ignored all the "important" US reports. Secondly, the price initially.
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.