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If we look at the 4-hour chart of the AUD/CAD cross currency pair, we will see a deviation between the price movement which forms the Double Top and the Stochastic.
Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday May 21, 2024.
Even though on the 4-hour chart the NZD/USD 20 EMA commodity currency pair is above the 50 EMA, which indicates that Buyers still dominate the current market, the appearance.
Forecast for USD/JPY on May 21, 2024
USD/JPY Yesterday, the dollar dominated over the yen, rising by 60 pips, surpassing the target level of 155.75 and the 50% Fibonacci level (156.03). Now, the price is aiming.
Will the dollar start a reversal?
The euro managed to take the opponent's serve when the US dollar weakened against major global currencies following the release of US inflation data for April. Will the greenback.
Trading Signals for EUR/USD for May 20-22, 2024: sell below 1.0864 (21 SMA - 6/8 Murray)
EUR/USD is trading around 1.0864, showing signs of exhaustion. The instrument has found strong resistance around 6/8 Murray. On the H4 chart, the euro was generating a strong bullish signal.
Trading Signals for GOLD (XAU/USD) for May 20-22, 2024: buy above $2,413 or sell below $2,437 (21 SMA - 7/8 Murray)
In the American session, Gold (XAU/USD) is trading around 2,413, below the 7/8 Murray, and above the 21 SMA. During the European session, the metal reached a high at about.
Analysis of GBP/USD pair on May 20th
For the GBP/USD pair, wave analysis remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% in April indicated the market's readiness to build a downward.
EUR/USD: Simple trading tips for novice traders for May 20th (US session)
Analysis of trades and tips for trading the euro The test of the 1.0872 price occurred when the MACD indicator had already moved significantly below the zero mark, limiting.
EUR/USD. May 20th. The bulls are holding their positions
On Friday, the EUR/USD pair fell to the corrective level of 61.8% (1.0837), rebounded from it, and turned in favor of the euro, resuming growth towards the corrective level.
GBP/USD. May 20th. The 1.2690–1.2705 zone can stop the bulls
On the hourly chart, the GBP/USD pair returned to the resistance zone of 1.2690–1.2705 on Friday. A rebound from this zone could signal a reversal in favor.
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 20th
In the next couple of days, you can count on a change in the exchange rate of the British pound major. Pressure on the calculated resistance is possible, with.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on May 20th
In the coming week, the euro price is expected to move in the opposite direction in a narrow corridor between the nearest zones. In the early days, you can expect.
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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.