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The British pound (GBP/USD) is trading around 1.3027, retreating after the strong rally that touched 1.3051 and almost the 6/8 Murray area which represents strong resistance. Since August 16th.
Trading Signals for GOLD (XAU/USD) for August 20-25, 2024: sell below $2,529 or $2,539 (+1/8 Murray - overbought)
If gold faces strong resistance in the 2,529 area, it could turn around and make a strong technical correction and fall towards the 21 SMA area located at 2,485. Finally.
USD/JPY: Simple Trading Tips for Beginner Traders on August 20 (U.S. Session)
Analysis of Trades and Advice on Trading the Japanese Yen The test of the 146.74 level occurred when the MACD indicator was just beginning its downward movement from the zero.
GBP/USD: Trading Plan for the U.S. session on August 20 (Analysis of Morning Trades)
In my morning forecast, I highlighted the level of 1.3004 and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened.
Forecast for EUR/USD pair on August 20, 2024
The EUR/USD pair continued its upward movement on Monday, closing the day above the resistance zone of 1.1070–1.1081. As a result, even without a correction, the pair's upward momentum.
EUR/USD: Simple Trading Tips for Beginners for the European Session on August 20
Analysis of trades and tips on EUR/USD The price test of 1.1051 occurred when the MACD indicator started moving upward from the zero mark, confirming it as a good entry.
Hot forecast for EUR/USD on August 20, 2024
During its momentum-driven rise, the EUR/USD pair has surpassed the 1.1050 level. This indicates that the psychological level of 1.1000 has lost its strength against buyers. In the 4-hour chart.
How to Trade the GBP/USD Pair on August 20? Simple Tips and Analysis of Transactions for Beginners
Analyzing Monday's trades: GBP/USD on 1H chart On Monday, the GBP/USD pair sustained its upward movement in line with the current uptrend. As we have mentioned numerous times, the market.
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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.