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The wave analysis of the 4-hour chart for the EUR/USD pair remains unchanged. At the moment, we observe the formation of the presumed wave.
GBP/USD: Simple trading tips for novice traders on May 24th (US session)
Analysis of transactions and tips on trading the British pound The price test of 1.2701 came when the MACD indicator went up a lot from zero, which limited the further.
EUR/USD: trading plan for the US session on May 24th (analysis of morning deals). The euro is not going to give up
I focused on the 1.0820 level in my morning forecast and planned to make entry decisions from there. Let's look at the 5-minute chart and analyze what happened. A breakout.
Trading Signals for EUR/USD for May 24-28, 2024: sell below 1.0864 (200 EMA - 21 SMA)
In case the euro finds a strong rejection at the top of the downtrend channel, the bearish cycle could resume and will be seen as a signal to sell below.
GBP/USD: trading tips for beginners for European session on May 24
The price test of 1.2740 occurred at a time when the MACD indicator had sharply risen above the zero mark, which limited the GBP/USD pair's potential to rise. For this.
Trading plan for GBP/USD on May 24. Simple tips for beginners
Analyzing Thursday's trades: GBP/USD on 1H chart GBP/USD edged lower on Thursday. The chart above perfectly shows that the pair has not exhibited a downward movement in the last.
Forecast for GBP/USD on May 24, 2024
GBP/USD Yesterday, the British pound attacked the resistance level of 1.2745 for the second time. This attack was weaker than its attempt on Wednesday, and the price fell.
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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.