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Forecast for GBP/USD on November 22, 2024
The British pound broke below the 1.2612 support level yesterday, but the Marlin oscillator did not confirm the move. Instead, it reversed and formed a weak convergence with the price.
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In mid-September, the USD/JPY pair hit a 2.5-month low at 139.60, then reversed to climb over 1,500 points, reaching 156.76 last week. A notable 250-pip correction followed this rally. This.
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On Wednesday, the EUR/USD pair reversed in favor of the US dollar, returning to the 323.6% corrective level at 1.0532. While the lower boundary of the sideways range is likely.
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The price test at 1.2640 occurred when the MACD indicator had moved significantly below the zero mark, which limited the pair's bearish potential. For this reason, I did not sell.
EUR/USD: Simple Trading Tips for Beginners on November 21st (U.S. Session)
The price test at 1.0541 coincided with the MACD indicator moving significantly below the zero mark, which, in my view, limited the pair's bearish potential. For this reason.
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In my morning forecast, I focused on the level of 1.2632 and planned to make decisions regarding market entry at this level. Let us examine the 5-minute chart and analyze.
EUR/USD: Trading Plan for the U.S. Session on November 21st (Morning Trade Analysis). Euro Continues to Decline
In my morning forecast, I focused on the level of 1.0529 and planned to make decisions regarding market entry from this level. Let us examine the 5-minute chart and analyze.
Trading Recommendations for the Cryptocurrency Market on November 21
Bitcoin and Ethereum continue to rise. At the start of the Asian trading session, BTC was trading above $98,000, less than 5% below the milestone of $100,000, which could push.
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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.
