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Yesterday, the GBP/USD pair gradually moved higher after bouncing off the 1.2445 level, which can be considered the lower boundary of the new sideways channel. As we previously mentioned.
ECB prepares markets for June rate cut. Overview of EUR/USD
The euro continues its bullish correction for the fourth consecutive week, but there is uncertainty regarding the sustainability of this movement. In the absence of economic news, the euro.
Trading Signals for EUR/USD for May 13-15, 2024: sell below 1.0883 (21 SMA - 5/8 Murray)
The euro is trading around 1.0803 within the uptrend channel forming since April 24, above the 21 SMA, and above 5/8 Murray. We can observe the formation of a double.
GBP/USD: Simple trading tips for novice traders on May 13th (US session)
Transaction analysis and trading tips for the British pound The test of the price at 1.2535 occurred at a time when the MACD indicator was beginning to move upwards from.
EUR/USD: trading plan for the US session on May 13th (analysis of morning deals). The euro remains trapped in the channel
In my morning forecast, I paid attention to the 1.0789 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and the US dollar index on May 13th
The upcoming week is expected to continue the overall sideways movement of the British currency. After a likely decline and pressure on the support zone in the second half.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 13th
The upcoming week is expected to see continued sideways movement for the euro. A downward vector is most probable in the first half, with a reversal expected near the support.
GBP/USD: trading tips for beginners for European session on May 13
The price test of 1.2522 occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry point to sell.
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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.