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The wave structure on the 4-hour chart for EUR/USD is becoming increasingly complex. Since January 2024, I can identify only two three-wave patterns (a-b-c) with a reversal point on April.
USD/JPY: Simple Trading Tips for Beginner Traders on October 17th (U.S. Session)
Review of Trades and Advice on Trading the Japanese Yen The test of the 149.63 price level occurred when the MACD indicator had just started moving upward from the zero.
GBP/USD: Trading Plan for the U.S. Session on October 17th (Review of Morning Trades)
In my morning forecast, I focused on the 1.2985 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened.
Forecast for EUR/USD on October 17, 2024
On Wednesday, the EUR/USD pair continued its downward movement and consolidated below the 161.8% corrective level at 1.0873. Thus, the decline may continue toward the next Fibonacci level of 200.0%.
Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday October 17, 2024.
There are some interesting things on the 4-hour chart of the Nasdaq 100 Index, first the price movement of #NDX forms a bearish Pitchfork channel, second the price movement.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs,Thursday October 17, 2024.
If we look at the 4-hour chart of the CAD/JPY cross currency pair, it appears that CAD/JPY is moving in a Sideways condition where this is confirmed by the movement.
EUR/USD and GBP/USD Technical Analysis for October 17
Sellers continue the downward trend. Yesterday, they moved into the area of the weekly cloud (1.0863 – 1.0811), reinforced by the final level of the weekly Ichimoku golden cross (1.0850).
Trading Recommendations for the Cryptocurrency Market on October 17
Bitcoin continues actively attempting to rise, but it's getting harder each day. Ethereum has entirely given up on such efforts, stopping near a significant resistance level. On one hand, this.
USDJPY: Simple Trading Tips for Novice Traders on October 17. Review of Yesterday's Forex Trades
Analysis of Trades and Trading Tips for the Japanese Yen The price test 149.49 occurred when the MACD indicator began moving upward from the zero line, confirming the correct entry.
EURUSD: Simple Trading Tips for Novice Traders on October 17. Review of Yesterday's Forex Trades
Analysis of trades and trading advice for the euro The price test of the 1.0883 level occurred when the MACD indicator had moved significantly below the zero mark, limiting.
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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.