This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Analytics today
Popular analytics
On the hourly chart, the GBP/USD pair on Monday completed a decline to the level of 1.2300, rebounded off it, and returned to the Fibonacci level of 61.8% (1.2363).
GBP/USD: trading tips for beginners for European session on April 23
The price test of 1.2309 in the afternoon occurred at a time when the MACD indicator had significantly dropped from the zero mark, which limits the pair's downward potential.
Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday April 23, 2024.
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection.
EUR/USD and GBP/USD: Technical analysis on April 23
No significant changes over the past 24 hours. Consolidation continues, so uncertainty persists. The daily short-term trend has moved closer to the price chart. Today, it can be found.
Forecast for USD/JPY on April 23, 2024
USD/JPY Economic reports from Japan should have supported the yen, but speculative investor sentiment towards carry trades and the dollar's local strength continue to pull the Japanese currency.
Less reason to expect the dollar to weaken
The net long USD position increased by $7.8 billion to $25.5 billion over the reporting week, hitting a 5-year high. Speculative positioning remains firmly bearish, with no signs of slowing.
Show more
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.