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Analytics today
Analyzing Wednesday's trades: GBP/USD on 1H chart The GBP/USD pair continued to trade sideways on Wednesday. After the price broke out of the 1.25-1.28 sideways channel, the pair suddenly stopped.
Forecast for EUR/USD on April 18, 2024
EUR/USD Yesterday, the euro was up 0.49%, while the S&P 500 dropped 0.58%, gold fell 1.04%, and yields on US government bonds decreased. Even Israel's statement about a pending "retaliatory".
Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data
GBP/USD continued to trade sideways on Wednesday. Volatility remains weak, and traders took a break after leaving the 4-month sideways channel. The price is currently 80 pips below the channel.
The FOMC will not lower rates in 2024
As we have already mentioned, it no longer makes sense to expect a rate cut from the Federal Reserve. The latest inflation report exceeded the target mark almost twice.
Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA - double top)
In case gold breaks and consolidates above 2,395 and above the psychological level of 2,400, we could expect it to continue rising and the price could reach 2,422 and finally.
Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation
The wave analysis for the GBP/USD pair remains quite complex, but it may become simpler in the coming weeks. A successful attempt to break through the Fibonacci level of 50.0%.
EUR/USD: Simple trading tips for novice traders on April 17th (US session)
Trade Analysis and Tips on Trading the European Currency The test of the price at 1.0638 in the first half of the day occurred when the MACD indicator had risen.
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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.