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The British pound attempted to rise yesterday but failed. However, it consolidated above the 1.3080 level with a daily candle. The future direction will now depend on Federal Reserve Chair.
Review of GBP/USD on August 23; Business Activity Indexes Also Need to Be Addressed
The GBP/USD pair continued to rise on Thursday. Some might say that the macroeconomic backdrop once again favored the British currency, and technically, they would be right. In the morning.
USD/JPY: Simple Trading Tips for Beginner Traders on August 22 (U.S. Session)
Analysis of Trades and Tips for Trading the Japanese Yen The test of the 145.56 price level occurred when the MACD indicator was just beginning to move upward from.
GBP/USD: Trading Plan for the U.S. Session on August 22 (Analysis of Morning Trades)
In my morning forecast, I highlighted the 1.3094 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened. The rise.
EUR/USD. August 22. Business activity index cools down buyer enthusiasm
On Wednesday, the EUR/USD pair rose to the 200.0% corrective level at 1.1165. Two rejections from this level currently suggest a possible reversal in favor of the U.S. dollar.
EUR/USD: Simple Trading Tips for Beginners for the European Session on August 22
Analysis of trades and tips on EUR/USD The price test of 1.1135 occurred when the MACD indicator started moving upwards from the zero mark, confirming the correct entry point.
Hot forecast for EUR/USD on August 22, 2024
The EUR/USD pair is adhering to a momentum-driven upward trend, which has strengthened the exchange rate by more than 350 pips since the beginning of the month. As a result.
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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.