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The wave pattern on the 4-hour chart for the EUR/USD pair has taken on a slightly different form. If we analyze the entire trend section that began in September 2022.
GBP/USD: Simple Trading Tips for Beginner Traders on July 23rd (US Session)
Analysis of Trades and Tips for Trading the British Pound The test of the 1.2910 price level occurred when the MACD indicator had just started moving down from the zero.
EUR/USD: Trading Plan for the US Session on July 23rd (Analysis of Morning Trades). Euro Returns to Decline
In my morning forecast, I focused on the 1.0877 level and planned to make trading decisions based on it. Let's look at the 5-minute chart to see what happened.
Trading Signals for EUR/USD for July 23-25, 2024: buy above 1.0825 (rebound - 200 EMA)
If the euro rebounds around the 200 EMA located at 1.0825 or around 1/8 Murray, ER/USD is expected to continue its rise. Once the price climbs in this area.
Trading Signals for GOLD (XAU/USD) for July 23-25, 2024: buy above $2,389 (rebound - 5/8 Murray)
Gold is trading around 2,402.86 below the downtrend channel formed since July 17 and within the uptrend channel formed after reaching the low of 2,384. Gold remains under bearish pressure.
EUR/USD. July 23rd. Bears are not in a hurry to break the "bullish" trend
On Monday, the EUR/USD pair continued to decline after consolidating below the 100.0% corrective level at 1.0917 towards the 76.4% Fibonacci level at 1.0858 and the lower line.
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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.