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Analytics today
Analyzing Monday's trades: EUR/USD on 1H chart The EUR/USD pair showed no significant movements, which was quite expected. The only somewhat significant event scheduled for Monday was the inflation report.
Forecast for AUD/USD on April 30, 2024
AUD/USD Yesterday, the Australian dollar surpassed the MACD line and the balance line at their intersection point, which shows the bulls' strength. Moreover, the aussie showed strength on increased trading.
CFTC report: faith in the dollar grows stronger
The net long USD position increased by 7.2 billion to 32.6 billion over the reporting week. Speculative investors are actively buying the dollar, as they increasingly believe that.
Trading Signals for EUR/USD for April 29-30, 2024: sell below 1.0750 (200 EMA - 4/8 Murray)
In the next few hours, the euro could bounce within the uptrend channel and reach 4/8 Murray and the 200 EMA located at 1.0751. If this zone turns.
USD/JPY: Simple trading tips for novice traders on April 29th (US session)
Trade analysis and tips for the Japanese yen The price test of 156.79 occurred when the MACD indicator was just starting to move down from the zero mark, confirming.
GBP/USD: trading plan for the US session on April 29th (analysis of morning deals). The pound continues to be bought at every opportunity
In my morning forecast, I paid attention to the 1.2510 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
EUR/USD. April 29th. The bulls continue to advance
On Friday, the EUR/USD pair experienced a decline to the lower line of the ascending trend channel. It did not reach the boundary, there was a reversal in favor.
GBP/USD. April 29th. Bulls find it extremely difficult to move upwards, but this week could change everything
On the hourly chart, the GBP/USD pair continued to trade between the levels of 1.2464 and 1.2517 on Friday and only managed to consolidate above the level of 1.2517.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US dollar index on April 29th
For the upcoming week, there's a high probability that the price of the British pound will continue its overall downward trend. In the next few days, a brief upward price.
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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.