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The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the 50.0% Fibonacci level in April indicated the market's readiness to build a downward.
GBP/USD: Simple trading tips for beginners on June 3rd (US session)
Analysis of trades and trading tips for GBP/USD The test of the 1.2723 price level occurred when the MACD indicator had significantly moved down from the zero mark, which limited.
EUR/USD: trading plan for the US session on June 3rd (analysis of morning deals). The euro fell after weak PMI indices
In my morning forecast, I paid attention to the 1.0859 level and planned to decide to enter the market from it. Let's look at the 5-minute chart and figure.
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on June 3rd
Throughout the upcoming week, the price of the British pound is expected to move from the current zone to the area of calculated resistance. In the first days, a sideways.
USD/JPY: trading tips for beginners for European session on June 3
The price test of 156.97 occurred at a time when the MACD indicator had sharply fallen from the zero mark, which limited the USD/JPY pair's potential to fall. Although.
Trading plan for GBP/USD on June 3. Simple tips for beginners
Analyzing Friday's trades: GBP/USD on 1H chart On Friday, the GBP/USD pair also edged higher, and overall, volatility was about 70 pips. Traders might be accustomed to such volatility.
Forecast for EUR/USD on June 3, 2024
EUR/USD On Friday, the euro tested the upper boundary of the price channel. If the price aims to test this line again, the resistance will be slightly lower at 1.0880.
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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.