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The price test of 155.72 occurred at a time when the MACD indicator had sharply fallen from the zero mark, which affected the dollar's potential to decline. For this reason.
Trading plan for GBP/USD on May 16. Simple tips for beginners
Analyzing Wednesday's trades: GBP/USD on 1H chart GBP/USD continued to rise throughout Thursday, although it had no reasons to do so. As we have previously mentioned, the US inflation report.
Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 16 2024.
Even though currently on the 4-hour chart the Nasdaq 100 index appears to be in a strengthening condition, which is confirmed by the EMA 20 which is above.
Forecast for AUD/USD on May 16, 2024
AUD/USD Yesterday, the Australian dollar strengthened along with other commodity-linked currencies, covering the entire range of target levels between 0.6627 and 0.6690. In today's Asian session, the price even tried.
The dollar is going down
As expected, the U.S. economy cools, and with it, interest in the dollar is declining. The American exceptionalism, where the U.S. significantly outpaced other major world economies in growth rates.
The Bank of Japan will not allow the yen to weaken. Overview of USD/JPY
The yen was able to strengthen against the dollar after the Bank of Japan published a Summary of Opinions from its monetary policy meeting on April.
Trading Signals for GOLD (XAU/USD) for May 15-17, 2024: sell below $2,375 or buy if rebounds at $2,354 (21 SMA - 6/8 Murray)
If gold falls and consolidates below 2,340, the outlook could be negative and we could expect a bearish acceleration towards the psychological level of $2,300 or around.
Analysis of the GBP/USD pair on May 15th. The p[ound celebrated the slowdown in inflation in the United States
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% in April indicated the market's readiness to build.
EUR/USD: Simple trading tips for novice traders on May 15th (US session)
Trade analysis and tips for trading the European currency The test of the price levels I identified in the first half of the day did not occur. Despite releasing.
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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.