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The price test of 156.52 occurred at a time when the MACD indicator had already sharply moved up from the zero mark, which affected the dollar's potential to rise further.
EUR/USD and GBP/USD: Technical analysis on May 15
The bulls continued to recover their positions on Tuesday. Breaking through resistance levels, they managed to close the day above 1.0817 (daily medium-term trend + weekly short-term trend) and reached.
Trading plan for GBP/USD on May 15. Simple tips for beginners
Analyzing Tuesday's trades: GBP/USD on 1H chart GBP/USD also continued to trade higher on Tuesday. Yesterday, the UK published three reports that were quite interesting. The unemployment rate.
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday May 15, 2024.
If we look at the 4-hour chart of the Crude Oil commodity asset, it appears that Sellers are still dominating, which is confirmed by the position.
Forecast for USD/JPY on May 15, 2024
USD/JPY The USD/JPY pair is entering a complex period of consolidation. On the daily timeframe, it is within the Fibonacci range of 50.0-61.8%. The target support at 155.75 is below.
Outlook for EUR/USD on May 15. Why were sellers disappointed with the US PPI data
The EUR/USD currency pair showed low volatility and moved slightly higher for the second day of the week, as this has become customary. In general, the price moves the same.
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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.