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Analytics today
After Friday's surge, the Euro and the pound sterling are losing momentum as the fuel for the growth of risky assets is gradually running out, and there.
Trading plan for EUR/USD on May 7. Simple tips for beginners
Analyzing Monday's trades: EUR/USD on 1H chart EUR/USD did not show any interesting movements on Monday. There was one attempt to trade higher during the day, but it quickly fizzled.
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Trading Signals for EUR/USD for May 7-9, 2024: buy above 1.0780 (symmetrical triangle - 4/8 Murray)
Early in the European session, the EUR/USD pair is trading around 1.0762, showing signs of exhaustion and going through a technical correction below 5/8 Murray (1.0803). On the H4 chart.
Forecast for EUR/USD on May 7, 2024
EUR/USD Yesterday, the euro made another attempt to rise. The daily balance indicator line stopped the price from rising. The pair was up 7 pips. The euro failed to trade.
Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday May 7, 2024.
Although on the 4 hour chart Gold commodity asset MA 20 still below MA 50 which indicates the Seller pressure is still exists but with the failure of Gold.
Outlook for EUR/USD on May 7. The dollar remains depressed
EUR/USD kicked off the new week by trying to continue its upward movement. However, it failed, as there was no fundamental or macroeconomic background, and over the past weeks.
Analysis of GBP/USD pair on May 6th. The dollar has not yet recovered from Friday
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave.
EUR/USD. May 6th. Weak payrolls deliver another blow to the dollar's coffin
The EUR/USD pair continued the growth process on Friday, which ended only in the resistance zone, consisting of four levels: 1.0764, 1.0785, 1.0797 and 1.0806. We can assume that.
GBP/USD. May 6th. Bulls continue to attack, but their momentum is fading
On the hourly chart, the GBP/USD pair continued upward movement on Friday, reaching 1.2611. The bounce of quotes from this level favored the US dollar, but the decline.
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6th
The upcoming week is expected to see a general sideways movement in the price of the British pound major. One should expect growth towards the calculated resistance zone.
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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.