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Analytics today
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.
Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Thursday May 02 2024.
Even though currently on the 4-hour chart the main EUR/USD currency pair is moving in a ranging/sideways condition, the condition of the 50 MA which is below.
Forecast for GBP/USD on May 2, 2024
GBP/USD Yesterday, the British pound unexpectedly returned to the intermediate resistance at 1.2525 – the lows of February 5th and 14th, and the 38.2% Fibonacci level. Despite the intermediate status.
Trading Signals for GOLD (XAU/USD) for May 1-2, 2024: buy above $2,290 (21 SMA - 4/8 Murray)
In the next few hours, we could expect gold to make a technical correction and consolidate above 2,290. This area could offer a good opportunity for gold to continue rising.
GBP/USD: Simple trading tips for novice traders for April 30th (US session)
Trade analysis and trading tips for the British pound The test of the price at 1.2540 in the first half occurred when the MACD indicator was starting to move upward.
EUR/USD: Simple trading tips for novice traders for April 30th (US session)
Trade analysis and trading tips for the European currency The first price test at 1.0713 in the first half of the day occurred when the MACD indicator was starting.
GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel
In my morning forecast, I paid attention to the 1.2516 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on a positive note
In my morning forecast, I pointed out the level of 1.0726 and planned to make trading decisions based on it. Let's look at the 5-minute chart and figure out what.
Trading Signals for Bitcoin (BTC/USD) for April 30 - May 7, 2024: sell below $62,500 (21 SMA - 4/8 Murray)
Bitcoin is trading around 61,266 under strong bearish pressure. During the European session, it tried to break the top of the bearish trend channel forming since March 30 around 64,700.
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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.