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Analytics today

Forex forecast 06/11/2024: EUR/USD,USDX, SP500 and Bitcoin

04:39 2024-11-06 UTC--5 Relevance up to 04:00 2024-11-07 UTC--5

Author: Sebastian Seliga

Popular analytics

Forecast for GBP/USD on November 6, 2024

21:50 2024-11-05 UTC--5

Trading Recommendations and Analysis for EUR/USD on November 6; The Market Reacts to the Elections

20:17 2024-11-05 UTC--5

Forecast for EUR/USD on November 6, 2024

21:50 2024-11-05 UTC--5

Overview of EUR/USD on November 6; Elections, Elections...

20:17 2024-11-05 UTC--5

Hot Forecast for EUR/USD on 11/06/2024

23:40 2024-11-05 UTC--5

News

Election Day Markets: Trump Bets, Palantir Rise Add Intrigue

Polls Show Tight Race, Trump Leads Betting Markets Trump-Linked Stocks Show Big Swings Palantir Soars After Results Dollar Rises, Treasury Yields Hit Four-Month Highs U.S. Stock Futures Jump, European Futures.

Forecast For beginners

USDJPY: Simple Trading Tips for Beginner Traders on November 6. Review of Yesterday's Forex Deals

Analysis of Trades and Trading Tips for the Japanese Yen The test of the 152.05 price level coincided with the MACD indicator just beginning to move downward from the zero.

Forecast For beginners

GBPUSD: Simple Trading Tips for Beginner Traders on November 6. Review of Yesterday's Forex Deals

Trade Analysis and Tips for Trading the British Pound The test of the 1.2995 price level occurred when the MACD indicator had just begun to move upward from the zero.

Forecast For beginners

EURUSD: Simple Trading Tips for Beginner Traders on November 6. Review of Yesterday's Forex Deals

Trade Analysis and Tips for Trading the Euro The test of the 1.0907 price level occurred when the MACD indicator had just begun to move upward from the zero mark.

Crypto-currencies

Trading Recommendations for the Cryptocurrency Market on November 6

Bitcoin is soaring to a new all-time high following news that Donald Trump has an estimated 98% chance of winning the U.S. presidential election. He has already secured.

Fundamental analysis For beginners

What to Watch on November 6? Analysis of Fundamental Events for Beginners

No macroeconomic events are scheduled for Wednesday, but they aren't particularly needed at the moment. Overnight, both major currency pairs covered a 200-pip range within a few hours.

Trading plan For beginners

How to Trade the GBP/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades: 1H Chart of GBP/USD Pair On Tuesday, the GBP/USD pair also traded higher, only to crash overnight into Wednesday. As we mentioned, this drop was impossible.

Trading plan For beginners

How to Trade the EUR/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades: 1H Chart of EUR/USD Pair On Tuesday, the EUR/USD pair traded upward, which is logical considering the correction that began. However, during the night, it plunged.

Technical analysis For beginners

Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday November 06, 2024.

If we look at the 4-hour chart of the main currency pair EUR/USD on its daily chart, it can be seen that the price movement is moving below.

Technical analysis For beginners

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday November 06, 2024.

On the 4-hour chart, the AUD/JPY cross currency pair can be seen showing the EMA 50 and EMA 200 in a Golden Cross condition, meaning that Buyers are still dominant.

Hot forecast

Hot Forecast for EUR/USD on 11/06/2024

As polling stations in the United States remained open, the dollar gradually lost ground. It appears that this was a classic counter-move just before the release of highly significant data.

Technical analysis

Forecast for EUR/USD on November 6, 2024

In just a few hours, the next U.S. president will be announced. Currently, Donald Trump is leading, and the Republicans are taking control of the Senate. Stock markets turned upward.

Technical analysis

Forecast for GBP/USD on November 6, 2024

In the first three hours of today's trading session, the British pound has retraced yesterday's 86-pip gain. It appears the price aims to close Monday's gap, giving it more flexibility.

Technical analysis

Forecast for AUD/USD on November 6, 2024

The Australian dollar held within a neutral range of 0.6570-0.6640 yesterday and this morning. This confirms the significance of these levels: if the price breaks above 0.6640, it will likely.

Fundamental analysis

Overview of GBP/USD on November 6; "Fed Doves vs. BoE Doves"

The GBP/USD currency pair spent much of Tuesday in one place, barely moving in any particular direction. The market is clearly waiting; everyone knows what it's waiting for. We've already.

Fundamental analysis

Overview of EUR/USD on November 6; Elections, Elections...

The EUR/USD currency pair traded sluggishly for most of Tuesday, which isn't surprising. On Thursday, the Federal Reserve will announce the results of its meeting, and over the next.

Trading plan

Trading Recommendations and Analysis for GBP/USD on November 6; The British Pound Seizes the Opportunity

The GBP/USD currency pair traded upward on Tuesday, although there was no significant reason for this other than the need to correct after a month-long decline. On the contrary.

Trading plan

Trading Recommendations and Analysis for EUR/USD on November 6; The Market Reacts to the Elections

The EUR/USD currency pair unexpectedly showed an upward movement on Tuesday. However, there's no reason to be surprised by this movement since an upward correction is underway, and the U.S.

Technical analysis

Trading Signals for GOLD (XAU/USD) for November 5-7, 2024: buy above $2,742 (21 SMA - 3/8 Murray)

If gold breaks and consolidates above the symmetrical triangle and above the 21 SMA (2,742) in the next few hours, it could be seen as a signal.

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.

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