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Analytics today
Last week, while moving up, EUR/USD tested 1.0793, the Fibonacci retracement level of 50%, plotted by the yellow dotted line. After that, the price went down, closing the weekly candle.
Trading plan for EUR/USD on May 6. Simple tips for beginners
Analyzing Friday's trades: EUR/USD on 1H chart EUR/USD continued its upward movement on Friday. Last week, there were quite a few important events for the dollar, and the market used.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs , Monday May 06 2024.ei 2024.
After being stuck at level 111.55 on the 4-hour chart, the CAD/JPY cross currency pair is now being corrected strongly where the main objective is to test the level.
Forecast for EUR/USD on May 6, 2024
EUR/USD On Friday, the euro surged after the release of US employment data, as 175,000 jobs were created in the non-farm sector against expectations of 238,000, while unemployment rose from.
What to expect for the dollar next week?
The US currency is facing challenging times. Over the past few weeks, demand for the US dollar has significantly declined, mostly due to US data. All of the most important.
Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought - 5/8 Murray)
Given that the eagle indicator is giving overbought signals, our trading plan for the next few hours will be to sell below 5/8 of Murray located at 1.0803 with targets.
GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the side channel
In my morning forecast, I focused on the level of 1.2565 and planned to make decisions regarding market entry based on it. Let's take a look at the 5-minute chart.
EUR and GBP may drop
Today, there may be a turning point in the market, which everyone has been expecting since the meeting of the Federal Reserve. It is all about the fact that today.
EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week
In my morning forecast, I drew attention to the level of 1.0751 and planned to make decisions regarding market entry based on it. Let's take a look at the 5-minute.
USD/JPY: Simple trading tips for novice traders for May 3rd (US session)
Trade analysis and advice on trading the Japanese yen The tests of the levels I indicated in the first half of the day did not happen due to low volatility.
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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.