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On the hourly chart, the GBP/USD pair on Monday rebounded twice from the resistance zone at 1.2788–1.2801, and again today. As a result, a reversal occurred in favor.
USD/JPY: simple trading tips for beginners for the European session on August 6
Analysis of trades and tips on USD/JPY The price test of 142.47 occurred when the MACD indicator started to move down from the zero mark, confirming the correct entry point.
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday August 06, 2024.
When we look at the 4-hour chart of the Crude Oil commodity asset, it is very clear that #CL is under pressure from Sellers, where this can be seen from.
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 06, 2024.
Although currently on the 4-hour chart, the Silver commodity asset is under Seller pressure, which is confirmed by its price movement which is in and moving harmoniously within the Bearish.
Trading plan for GBP/USD on August 6. Simple tips for beginners
Analyzing Monday's trades: GBP/USD on 1H chart On Monday, the GBP/USD pair tried to sustain its decline, which is evident. Over the past seven months, the British pound has consistently.
Forecast for GBP/USD on August 6, 2024
GBP/USD The British pound calmly reacted to the frenzy regarding speculations of four rate cuts by the Federal Reserve. Yesterday, a black candle was marked, and the support.
Trading recommendations and analysis for EUR/USD on August 6; The markets are panicking, the euro rose to the 1.10 level
On Monday, the EUR/USD pair showed relatively high volatility and sustained its growth, which began on Friday. At first glance, it was unclear what caused the new bullish momentum.
USD/JPY: Simple Trading Tips for Beginners for August 5 (U.S. session)
Trade analysis and tips for trading the Japanese yen The price test at 141.93 occurred when the MACD indicator significantly dropped below the zero mark, which limited the pair's downward.
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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.