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Analytics today
The bulls managed to enter the positive territory beyond the weekly Ichimoku cloud (1.0750 - 1.0736). They also succeeded in testing the next cluster of resistance levels at 1.0795.
Trading plan for EUR/USD on May 10. Simple tips for beginners
Analyzing Thursday's trades: EUR/USD on 1H chart EUR/USD resumed its upward movement on Thursday and once again it was near the upper boundary of the channel. Thus, the bullish correction.
Trading Signals for GOLD (XAU/USD) for May 10-13, 2024: buy above $2,334 (21 SMA - rebound)
Gold is trading around 2,352.9, above the symmetrical triangle that was broken and with a strong bullish trend originated after breaking the symmetrical triangle pattern. Yesterday in our analysis.
Forecast for EUR/USD on May 10, 2024
EUR/USD Yesterday's rather soft Bank of England meeting, where two members of the Committee spoke in favor of a rate cut, could not overcome the general risk sentiment.
Outlook for GBP/USD on May 10. The British pound failed. Or it simply refused
On Thursday, GBP/USD didn't even try to continue its downward movement. It seems that the market believes that it was enough for them to trade bearish for two days.
The euro got away with it
Between order and chaos. This is how one can characterize the current behavior of the currency market. On the one hand, it correctly reacts to different rates of economic growth.
Analysis of GBP/USD pair on May 9th. Andrew Bailey did all he could
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave.
EUR/USD: Simple trading tips for novice traders for May 9th (US session)
Trade analysis and tips for trading the European currency The test of the price at 1.0735 in the first half of the day coincided with a moment when the MACD.
GBP/USD: trading plan for the US session on May 9th (analysis of morning deals). The pound continues to be held within the channel
In my morning forecast, I paid attention to the 1.2468 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
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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.