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EUR/USD is trading at 1.0920 around 3/8 Murray, above the 21 SMA, and within the downtrend channel forming since August 5th. The euro could resume its bullish cycle if EUR/USD.
USD/JPY: Simple Trading Tips for Beginner Traders on August 7 (U.S. Session)
Analysis of Trades and Tips for Trading the Japanese Yen The first test of the 146.70 price level occurred when the MACD indicator had moved significantly down from the zero.
GBP/USD: Trading Plan for the U.S. Session on August 7 (Review of Morning Trades)
In my morning forecast, I highlighted the level of 1.2722 and planned to make decisions about market entry from that point. Let's look at the 5-minute chart and analyze what.
Forecast of GBP/USD pair on August 7, 2024
On the hourly chart, the GBP/USD pair on Tuesday rebounded from the resistance zone of 1.2788–1.2801 and reversed in favor of the US dollar, falling to the lower line.
USD/JPY: simple trading tips for beginners for the European session on August 7
Analysis of trades and tips on USD/JPY The price test of 144.37 occurred when the MACD indicator had moved significantly below the zero mark, limiting further downward potential.
Hot forecast for EUR/USD on August 7, 2024
The market is set on further weakening of the dollar. Even the extremely disappointing data on retail sales in the eurozone, which slowed from 0.5% to -0.3%, did not provide.
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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.