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The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. Currently, we observe the construction of the presumed wave 3 in 3 or C of the downtrend.
USD/JPY: Simple trading tips for novice traders for May 9th (US session)
Trade analysis and tips for trading the Japanese yen The tests of the levels I indicated did not occur in the first half of the day, although the pair traded.
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.
GBP/USD. May 9th. Bulls fear Bailey's "soft" rhetoric
On the hourly chart, the GBP/USD pair rebounded from the corrective level of 50.0% (1.2464) on Wednesday and started a weak upward movement toward the level of 1.2517.
EUR/USD: trading tips for beginners for European session on May 9
The price test of 1.0755 occurred at a time when the MACD indicator had sharply risen above the zero mark, which limited the EUR/USD pair's bullish potential—especially given that.
Trading plan for EUR/USD on May 9. Simple tips for beginners
Analyzing Wednesday's trades: EUR/USD on 1H chart EUR/USD remained stagnant on Wednesday. Volatility for the entire day was only 22 pips. It was obvious that it made no sense.
Forecast for USD/JPY on May 9, 2024
USD/JPY The USD/JPY pair started a significant correction after a sharp drop due to the Bank of Japan's currency intervention. The pair reached the target level of 155.75.
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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.