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On the hourly chart, the GBP/USD pair continued its upward trend on Friday and consolidated above the resistance zone of 1.2788–1.2801. Therefore, the upward trend can continue towards the next.
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on July 8th
Analysis: The downward wave of the British pound chart from July of last year continues to correct the pair's main trend. Quotes are within a powerful potential reversal zone. Currently.
Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on July 8th
Analysis: The analysis of the daily chart of the main European currency pair shows the incompleteness of the latest wave structure from July 14 of last year. The final part.
GBP/USD: trading tips for beginners for the European session on July 8
Overview of trading and tips on GBP/USD The price test of 1.2801 in the second half of the day occurred when the MACD indicator had moved significantly above the zero.
Technical Analysis of Daily Price Movement of Gold Commodity Asset , Monday July 08, 2024.
On the daily chart, the Gold commodity asset can be seen at the level of 2294.15 acting as a fairly good support level which has been attempted to be broken.
Overview of EUR/USD on July 8. The dollar didn't capitalize on its chance
EUR/USD held gains on Friday. First of all, we would like to draw your attention to the pair's volatility last week. Some readers might be wondering why we constantly mention.
Forecast for USD/JPY on July 8, 2024
USD/JPY The double divergence on the weekly chart is pushing the price down from the upper boundary of the channel. The price could correct by 61.8% from the one-and-a-half-year upward.
Key events on July 8: fundamental analysis for beginners
The economic calendar is empty on Monday. Last week, both currency pairs experienced low volatility and gradually moved higher. It was logical for the dollar to fall last week.
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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.