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The price test of 155.81 occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point.
GOLD - technical analysis on May 13
Last week, the bulls made an attempt to restore positions. They managed to form a rebound on the weekly chart. As a result, the next goal is to confirm.
Forecast for GBP/USD on May 13, 2024
GBP/USD On Friday, the British pound climbed above the resistance level of 1.2525 with its upper shadow. Today, it opened below the level with a neutral Marlin oscillator.
Technical Analysis of Intraday Price Movement of AUD/CAD Cross Currency Pairs , Monday May 13 2024.
If we look at the 4-hour chart of the AUD/CAD cross currency pair, it can be seen that Buyers' dominance is still dominant, which is confirmed.
What to expect for the dollar next week?
The US news background will attract the market's attention. The dollar's course is crucial in the currency market and the global economy. Therefore, market participants focus on US reports.
EUR/USD. May 10th. Traders continue to torment the dollar
The EUR/USD pair reversed in favor of the European currency on Thursday and resumed its growth, ending the day in the resistance zone of 1.0764–1.0806 and near the resistance zone.
GBP/USD: Simple trading tips for novice traders on May 10th (US session)
Trade analysis and tips for trading the British pound I did not test the levels I indicated in the first half of the day. The pound's rise after good.
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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.