This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Analytics today
Popular analytics
On the 4 hour chart, Silver commodity asset is appear, although the price is moving above WMA 20 which indicates that there are still a lot of buyers of this.
Analysis of the EUR/USD pair on May 21, 2024
The wave pattern on the 4-hour chart for EUR/USD remains unchanged. We are observing the construction of the presumed wave 3 in 3 or C of a downward trend segment.
Trading Signals for SILVER (XAG/USD) for May 21-25, 2024: sell below $ 32.50 (overbought - 4/8 Murray)
If silver consolidates above 31.25 (4/8 Murray), the outlook could remain positive. Any technical bounce would help resume the uptrend and the price could reach the top of the uptrend.
GBP/USD: trading plan for the US session on May 21st (analysis of morning deals). Buyers target the 1.2722 level
In my morning forecast, I paid attention to the 1.2720 level and planned to make decisions on entering the market based on it. Let's look at the 5-minute chart.
GBP/USD. May 21st. The pound awaits "dovish" statements from Bailey to continue its growth
On the hourly chart, the GBP/USD pair traded within the 1.2690–1.2705 range on Monday, and only today did it consolidate above this range. Since there was no rebound from this.
Trading Signals for GBP/USD for May 21-23, 2024: sell below 1.2685 (21 SMA - symmetrical triangle)
Our trading plan for the next few hours is to sell the British pound only in case it falls below 1.2685, with targets at 1.2620, 1.2573, and the psychological level.
Technical Analysis of Intraday Price Movement of AUD/CAD Cross Currency Pairs,Tuesday May 21, 2024.
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.
Show more
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.