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The latest CFTC report brought no surprises—the net speculative long position in the U.S. dollar has been declining for the fourth consecutive week. The greenback lost almost $5 billion, bringing.
Analysis of GBP/USD pair on May 27, 2024
The wave analysis for the GBP/USD remains quite complex. A successful attempt to break the 50.0% Fibonacci level in April indicated the market's readiness to form a downward wave.
GBP/USD: Simple trading tips for novice traders on May 27th (US session)
Analysis of trades and trading tips for the British pound Testing the 1.2755 level occurred when the MACD indicator had significantly moved above the zero mark, which limited further growth.
Trading Signals for BITCOIN (BTC/USD) for May 27-29, 2024: sell below $68,616 (21 SMA - 200 EMA)
Our outlook for the next few hours will be negative and we believe that Bitcoin will be bearish. If BTC trades below the 21 SMA, there will be strong bearish.
Trading Signals for EUR/USD for May 27-29, 2024: buy above 1.0836 (21 SMA - 200 EMA)
The outlook could remain positive for the euro if it consolidates above 1.0830 in the coming hours. Then, it could reach resistance levels around the May 15 high located.
EUR/USD: trading plan for the US session on May 27th (analysis of morning deals). The euro is trying to continue its growth
In my morning forecast, I paid attention to the 1.0861 level and planned to make decisions about entering the market from it. Let's look at the 5-minute chart and figure.
Forecast of EUR/USD pair on May 27, 2024
On Friday, the EUR/USD pair reversed in favor of the euro and began a new rise towards the corrective level of 76.4% (1.0892). Given the pair's movement over the last.
Forecast of GBP/USD pair on May 27, 2024
On the hourly chart, the GBP/USD pair bounced off the support zone of 1.2690–1.2705 on Friday and turned in favor of the British pound, resuming growth towards the resistance zone.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and US dollar index on May 27th
Analysis: Since March this year, the trend of the major British pound has been upward. Since early April, the price has been drifting. The final part of the corrective structure.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 27th
Analysis: Since last summer, the quotes of the main European currency pair have been forming a descending horizontal pennant. From a powerful potential reversal zone on the daily time frame.
In the thick of things: inflation in the West and financial news from the East
Experts are looking forward to the release of the US personal consumption price (PCE) index this Friday, which is a key indicator for the Federal Reserve System (Fed). The data.
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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.