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Analysis of trades and tips on on GBP/USD The price test of 1.2681 occurred when the MACD indicator was coming out of bearish territory, confirming the correct entry point.
Trading plan for GBP/USD on August 7. Simple tips for beginners
Analyzing Tuesday's trades: GBP/USD on 1H chart On Tuesday, the GBP/USD pair again showed a noticeable drop. There were no macroeconomic or fundamental reasons for such movement yesterday, but overall.
Technical Analysis of Intraday Price Movement of Nasdaq 100 Commodity Asset, Wednesday August 07, 2024.
On the 4-hour chart, the Nasdaq 100 index is seen moving harmoniously in the Bearish channel and the EMA 20 position is below the EMA 50 and its price movement.
Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Wednesday August 07, 2024.
Although currently the natural gas commodity asset is weakening, which is indicated by its price movement moving harmoniously within the Bearish Pitchfork channel and its price movement moving below.
Forecast for GBP/USD on August 7, 2024
GBP/USD Yesterday, the pound sterling did well, overcoming the support level at 1.2755 and the support of the MACD line on the daily chart. Now, this line (1.2727) becomes resistance.
Forecast for EUR/USD on August 7, 2024
EUR/USD On Tuesday, market panic finally subsided; the S&P 500 gained 1.04%, the dollar index increased by 0.20% to 3.72%, and the yield on 5-year U.S. government bonds rose from.
Trading recommendations and analysis for GBP/USD on August 7; The pound continues its logical decline
On Tuesday, the GBP/USD pair sustained its decline and once again exhibited superb volatility for the fourth consecutive day, reminiscent of the good old times. This time, the price dropped.
Trading recommendations and analysis for EUR/USD on August 7; The euro is about to plunge
On Tuesday, the EUR/USD pair sustained a relatively substantial decline, although there were no compelling reasons. Volatility did decrease to about 60 pips, but even 60 pips is quite good.
Trading Signals for EUR/USD for August 6-9, 2024: sell below 1,0937 (21 SMA - 2/8 Murray)
The euro is trading around 1.0926 within the uptrend channel forming since July 31 and within the downtrend channel forming since August 5. We are observing a technical correction that.
Analysis of GBP/USD on August 6. The pound sees no reasons for optimism
The GBP/USD exchange rate decreased by 90 basis points on Tuesday. The wave structure of the GBP/USD pair remains quite complex and ambiguous. For a while, the wave pattern looked.
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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.