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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.
EUR/USD. May 9th. Bulls have exhausted their strength
The EUR/USD pair rebounded from the resistance zone of 1.0764–1.0806 on Tuesday, indicating a potential reversal in favor of the US dollar and a slight decline towards the lower line.
GBP/USD: trading tips for beginners for European session on May 9
The price test of 1.2500 occurred at a time when the MACD indicator had sharply risen above the zero mark, which limited the GBP/USD pair's bullish potential. For this reason.
Trading plan for GBP/USD on May 9. Simple tips for beginners
Analyzing Wednesday's trades: GBP/USD on 1H chart The GBP/USD pair traded flat throughout Wednesday. The day's volatility amounted to a mere 37 pips, which is absolutely low for the pound.
Forecast for GBP/USD on May 2024
GBP/USD After the pound made a small effort to move lower, it stopped due to the target support at 1.2465. At the same time, the Marlin oscillator signal line stopped.
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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.