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The wave pattern on the 4-hour chart for EUR/USD remains unchanged. We are currently observing the construction of the presumed wave 3 in 3 or C of a downward trend.
Trading Signals for GOLD (XAU/USD) for May 30-31, 2024: buy above $2,345 (oversold - 200 EMA)
If gold breaks above 2,345 in the next few hours and consolidates above this area, traders will have an opportunity to buy. The eagle indicator is showing that the instrument.
GBP/USD: trading plan for the US session on May 30th (analysis of morning deals). The pound recovered slightly
In my morning forecast, I highlighted the level of 1.2714 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened.
Forecast of GBP/USD pair on May 30, 2024
On the hourly chart, the GBP/USD pair continued its decline on Wednesday after rebounding from the resistance zone of 1.2788–1.2801. This morning, the pair fell into the support zone.
EUR/USD: trading tips for beginners for European session on May 30
The price test of 1.0836 occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry point to sell.
Trading plan for EUR/USD on May 30. Simple tips for beginners
Analyzing Wednesday's trades: EUR/USD on 1H chart EUR/USD continued to trade lower on Wednesday, which started after the second bounce from the level of 1.0888. Although a lot of people.
Forecast for EUR/USD on May 30, 2024
EUR/USD The euro didn't wait for the European Central Bank meeting in the narrow range we anticipated but immediately headed towards its lower boundary at the level of 1.0796.
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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.