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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.
Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting
The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the construction of the presumed 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.
JPY terrifies traders
Forex intervention is effective when it is carried out on time. Japan has mastered this art in the course of time. The monetary authorities entered Forex for the second time.
GBP/USD: Simple trading tips for novice traders on May 2nd (US session)
Analysis of transactions and trading advice for the British pound The first test of the price at 1.2515 occurred at a time when the MACD indicator had descended significantly from.
EUR/USD: Simple trading tips for novice traders on May 2nd (US session)
Analysis of trades and trading tips for the European currency The first price test at 1.0704 in the first half of the day occurred when the MACD indicator had dropped.
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.
EUR/USD: trading plan for the US session on May 2nd (analysis of morning deals). Euro bought around 1.0700
In my morning forecast, I pointed out the level of 1.0700 and planned to make decisions based on it for market entry. Let's look at the 5-minute chart and figure.
USD/JPY: trading tips for beginners for European session on May 2
The price test of 157.61 at the beginning of the US session occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the pair's.
Key events on May 2: fundamental analysis for beginners
There are fewer macroeconomic events on Thursday, and none of them are crucial. The second estimates of the manufacturing Purchasing Managers' Index (PMI) for Germany and the EU will.
Trading Signals for Bitcoin (BTC/USD) for May 2-7, 2024: buy above, $56,250 (rebound - 2/8 Murray)
Bitcoin is trading around 57,232, above 2/8 Murray, and under strong bearish pressure. We believe that Bitcoin could resume its main bullish cycle in the next few hours and could.
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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.