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Analytics today
In my morning forecast, I focused on the 1.2845 level to decide on market entries. Let's review the 5-minute chart to analyze what happened. A decline followed by a false.
GBP/USD on November 6. GBP not to blame for its slump
Hello, dear traders! On the 1-hour chart, the GBP/USD pair carried on with its upward movement towards the 127.2% correction level at 1.3054 on Tuesday, but a sharp drop occurred.
GBPUSD: Simple Trading Tips for Beginner Traders on November 6. Review of Yesterday's Forex Deals
Trade Analysis and Tips for Trading the British Pound The test of the 1.2995 price level occurred when the MACD indicator had just begun to move upward from the zero.
What to Watch on November 6? Analysis of Fundamental Events for Beginners
No macroeconomic events are scheduled for Wednesday, but they aren't particularly needed at the moment. Overnight, both major currency pairs covered a 200-pip range within a few hours.
How to Trade the GBP/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's Trades: 1H Chart of GBP/USD Pair On Tuesday, the GBP/USD pair also traded higher, only to crash overnight into Wednesday. As we mentioned, this drop was impossible.
How to Trade the EUR/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's Trades: 1H Chart of EUR/USD Pair On Tuesday, the EUR/USD pair traded upward, which is logical considering the correction that began. However, during the night, it plunged.
Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday November 06, 2024.
If we look at the 4-hour chart of the main currency pair EUR/USD on its daily chart, it can be seen that the price movement is moving below.
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday November 06, 2024.
On the 4-hour chart, the AUD/JPY cross currency pair can be seen showing the EMA 50 and EMA 200 in a Golden Cross condition, meaning that Buyers are still dominant.
Forecast for EUR/USD on November 6, 2024
In just a few hours, the next U.S. president will be announced. Currently, Donald Trump is leading, and the Republicans are taking control of the Senate. Stock markets turned upward.
Overview of GBP/USD on November 6; "Fed Doves vs. BoE Doves"
The GBP/USD currency pair spent much of Tuesday in one place, barely moving in any particular direction. The market is clearly waiting; everyone knows what it's waiting for. We've already.
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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.