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In my morning forecast, I paid attention to the 1.0758 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure.
USD/JPY: trading tips for beginners for European session on May 8
The price test of 154.35 occurred at a time when the MACD indicator sharply fell from the zero mark, which limited the USD/JPY pair's downward potential. The second test coincided.
Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Wednesday May 08, 2024.
With the appearance of hidden deviations between the price movement of the Litecoin cryptocurrency and the Stochastic Oscillator indicator on the 4-hour chart, this gives an indication that.
Forecast for EUR/USD on May 8, 2024
EUR/USD Yesterday, the currency market did not see any compelling reasons to increase risk appetite and, although stock markets were rising, it retreated from Monday's highs. The euro declined.
Outlook for GBP/USD on May 8. The pound has stopped rising, but the Bank of England meeting could change that
GBP/USD experienced a minor downward retracement, but this did not affect the overall technical picture. The price settled below the critical Kijun-sen line, but the upward trend persists.
German data didn't scare the euro
EUR/USD bulls were somewhat disappointed with the unexpected decline in German industrial orders by 0.4% m/m in March, but they weren't completely discouraged. The indicator failed to meet Bloomberg forecasts.
Trading Signals for BITCOIN (BTC/USD) for May 7-9, 2024: sell below $64,000 (200 EMA - 5/8 Murray)
In the next few hours, Bitcoin could continue its rise. If the price reaches 63,975, it could be seen as an opportunity to resume selling operations with targets at 62,500.
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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.