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The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the 50.0% Fibonacci level in April indicated the market's readiness to build a downward.
GBP/USD: Simple trading tips for novice traders on May 16th (US session)
Trade analysis and tips for trading the British pound The initial test of the price at 1.2670 occurred when the MACD indicator had descended significantly from the zero mark, limiting.
EUR/USD: trading plan for the US session on May 16th (analysis of morning deals)
In my morning forecast, I emphasized the level of 1.0879 and planned to make decisions based on it for market entry. Let's look at the 5-minute chart and figure.
GBP/USD. May 16th. The market still believes in the FOMC rate cut
On the hourly chart, the GBP/USD pair on Wednesday consolidated above the level of 1.2611 and rose to the corrective level of 23.6%-1.2690. A rebound from this level will favor.
EUR/USD: trading tips for beginners for European session on May 16
The price test of 1.0837 occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry point.
Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday May 16 2024.
From what can be seen on the daily chart, the main currency pair USD/JPY appears to have a Bearish 123 pattern appearing, even though currently the EMA 20 is still.
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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.