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Analytics today
The wave analysis of GBP/USD remains quite complex. A successful attempt to break the 50.0% Fibonacci level in April indicated the market's readiness to form a descending wave.
Trading Signals for BITCOIN (BTC/USD) for May 28-30, 2024: sell below $69,000 (21 SMA - 200 EMA)
If Bitcoin falls below 69,000, we could expect a further bearish movement and the price could reach the 200 EMA located at 65,918 and even the bottom of the downtrend.
GBP/USD: trading plan for the US session on May 28th (analysis of morning deals). The pound hit a new monthly high
In my morning forecast, I paid attention to the level of 1.2756 and planned to make decisions on entering the market from it. Let's look at the 5-minute chart.
EUR/USD. May 28th. The bulls intend to reach the level of 1.1000
On Monday, the EUR/USD pair continued to rise within the ascending trend channel towards the corrective level of 76.4% (1.0892). A rebound from this level would favor the US dollar.
GBP/USD. May 28th. The pound sees no reason to stop at its current level
On the hourly chart, the GBP/USD pair continued to rise on Monday after rebounding from the support zone of 1.2690–1.2705 towards the resistance zone of 1.2788–1.2801. A rebound from this.
EUR/USD: Simple trading tips for novice traders on May 28th. Analysis of yesterday's forex transactions
Analysis of transactions and tips on trading the European currency The 1.0853 price test came when the MACD indicator was starting to move down from zero, which was a confirmation.
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday May 28, 2024.
With the appearance of hidden deviations on the daily chart of the exotic currency pair of USD/IDR, in the next few days USD/IDR will try to test the 16132 level.
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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.