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The EUR/USD pair continued the growth process on Friday, which ended only in the resistance zone, consisting of four levels: 1.0764, 1.0785, 1.0797 and 1.0806. We can assume that.
GBP/USD. May 6th. Bulls continue to attack, but their momentum is fading
On the hourly chart, the GBP/USD pair continued upward movement on Friday, reaching 1.2611. The bounce of quotes from this level favored the US dollar, but the decline.
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6th
The upcoming week is expected to see a general sideways movement in the price of the British pound major. One should expect growth towards the calculated resistance zone.
Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 6th
The upcoming week is expected to see a general sideways movement in the euro's price. In the coming days, one should expect an increase towards the calculated resistance zone. Subsequently.
Japan to intervene market once again?
Last week, the USD/JPY pair experienced its strongest drop since November 2022, falling by more than 4%. Many traders suppose that the Japanese government was involved in the sharp decline.
Trading plan for EUR/USD on May 6. Simple tips for beginners
Analyzing Friday's trades: EUR/USD on 1H chart EUR/USD continued its upward movement on Friday. Last week, there were quite a few important events for the dollar, and the market used.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024.
After being stuck at level 111.55 on the 4-hour chart, the CAD/JPY cross currency pair is now being corrected strongly where the main objective is to test the level.
Forecast for EUR/USD on May 6, 2024
EUR/USD On Friday, the euro surged after the release of US employment data, as 175,000 jobs were created in the non-farm sector against expectations of 238,000, while unemployment rose from.
What to expect for the dollar next week?
The US currency is facing challenging times. Over the past few weeks, demand for the US dollar has significantly declined, mostly due to US data. All of the most important.
Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought - 5/8 Murray)
Given that the eagle indicator is giving overbought signals, our trading plan for the next few hours will be to sell below 5/8 of Murray located at 1.0803 with targets.
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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.