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Analytics today

How to Trade the GBP/USD Pair on December 2? Simple Tips and Trade Analysis for Beginners

00:56 2024-12-02 UTC--5 Relevance up to 00:00 2024-12-03 UTC--5

Author: Stanislav Polyanskiy

Popular analytics

Forecast for GBP/USD on December 2, 2024

21:58 2024-12-01 UTC--5

Forecast for EUR/USD on December 2, 2024

21:58 2024-12-01 UTC--5

EUR/USD: A Hot Start to December with ISM Indexes, Powell's Speech, and November Nonfarm Payrolls

21:59 2024-12-01 UTC--5

Forecast for AUD/USD on December 2, 2024

21:58 2024-12-01 UTC--5

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday December 02, 2024.

00:55 2024-12-02 UTC--5

Fundamental analysis For beginners

What to Pay Attention to on December 2? Fundamental Event Analysis for Beginners

Only a few macroeconomic events are scheduled for Monday, which marks the start of the first week of a new month. The U.S. will release numerous reports on business activity.

Trading plan For beginners

How to Trade the GBP/USD Pair on December 2? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of GBP/USD The GBP/USD pair was more fortunate on Friday than the EUR/USD pair. The British pound managed to surpass the 1.2680 level. However.

Trading plan For beginners

How to Trade the EUR/USD Pair on December 2? Simple Tips and Trade Analysis for Beginners

Analysis of Friday's Trades 1H Chart of EUR/USD On Friday, the EUR/USD currency pair attempted to continue its correction, but by the end of the week, traders were more focused.

Technical analysis For beginners

Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday December 02, 2024.

On the 4-hour chart, the EUR/USD major currency pair is seen strengthening, which is confirmed by the appearance of a Bullish 123 pattern followed by the appearance of 2 Bullish.

Technical analysis For beginners

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday December 02, 2024.

Although on the daily chart USD/IDR appears to be strengthening, if observed, USD/IDR is actually moving harmoniously in a downward channel coupled with confirmation of the appearance of a Rising.

Hot forecast

Hot Forecast for EUR/USD on 02.12.2024

Despite the acceleration of annual inflation in the Eurozone from 2.0% to 2.3%, the euro failed to rise and even weakened. Although the scale of the decline was limited.

Technical analysis

USD/JPY and EUR/JPY – Weekly and Monthly Summary

Last week delivered a significant bearish outcome. Gains achieved over several weeks, during which bulls attempted to regain control and continue the upward movement, were erased and are now history.

Fundamental analysis

EUR/USD: A Hot Start to December with ISM Indexes, Powell's Speech, and November Nonfarm Payrolls

December can be divided into two unequal parts. The First Part (the first three weeks) is characterized by heightened volatility in the forex market as traders react to key monthly.

Trading plan

Trading Recommendations and Review of GBP/USD on December 2: The British Pound Continues to Rise

The GBP/USD currency pair continued its upward movement on Friday despite having no substantial reasons. The U.S. markets were closed for the day, and the UK had no noteworthy events.

Trading plan

Trading Recommendations and Review of EUR/USD for December 2: A Dull End to an Eventful Week

The EUR/USD pair traded with very low volatility for the second consecutive day on Friday. There were no significant movements on Thursday or Friday, and the direction remained more sideways.

Technical analysis

Forecast for EUR/USD on December 2, 2024

On Friday, the euro reached its target resistance at 1.0590. However, during the Asian session, it erased Friday's gains and dropped to Thursday's low. The Marlin oscillator's signal line turned.

Technical analysis

Forecast for GBP/USD on December 2, 2024

Last Friday, the British pound rose above the resistance level of 1.2708 but fell short of the next target at 1.2773 by about 20 pips. This morning, the price.

Technical analysis

Forecast for AUD/USD on December 2, 2024

The double convergence on the Australian dollar's daily chart failed to push the quote to the target level of 0.6570. The Marlin oscillator is already gearing up for a return.

Technical analysis

Trading Signals for BITCOIN (BTC/USD) for November 29-30, 2024: buy above $95,000 (21 SMA - 8/8 Murray)

Early in the American session, Bitcoin is trading around 97,141 showing recovery after having hit the low of 90,685. Bitcoin is located above the 21 SMA and above 7/8 Murray.

Technical analysis

Trading Signals for EUR/USD for November 29-30, 2024: buy above 1.0530 (21 SMA - 200 EMA)

Early in the American session, the EUR/USD pair is trading around 1.0556 showing a technical correction after having reached the high of 1.0596. The euro is under strong bearish pressure.

Forecast For beginners

USD/JPY: Simple Trading Tips for Beginner Traders on November 29th (U.S. Session)

Analysis of Trades and Tips for Trading the Japanese YenThe test of 149.46 in the first half of the day coincided with the MACD indicator beginning to decline from zero.

Forecast For beginners

GBP/USD: Simple Trading Tips for Beginner Traders on November 29th (U.S. Session)

Analysis of Trades and Tips for Trading the British PoundThe test of 1.2720 occurred while the MACD indicator was well above zero, limiting the pound's upward potential. For this reason.

Forecast For beginners

EUR/USD: Simple Trading Tips for Beginner Traders on November 29th (U.S. Session)

Analysis of Trades and Tips for Trading the EuroThe test of the 1.0563 level occurred when the MACD indicator had dropped significantly below zero, which, in my view, limited.

Trading plan

GBP/USD: Trading Plan for the U.S. Session on November 29th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.2724 level as a key decision point. Let's review the 5-minute chart to analyze what occurred. While there was an upward movement.

Trading plan

EUR/USD: Trading Plan for the U.S. Session on November 29th (Review of Morning Trades) — Buyers Unable to Surpass 1.0584

In my morning forecast, I highlighted the 1.0584 level as a key decision point. Let's review the 5-minute chart to analyze what happened. An upward movement and failed breakout around.

Fundamental analysis

EUR/USD: Signs Indicate the Pair Might End the Week with Gains

Today, the EUR/USD pair is regaining positive momentum following a modest decline the previous day. The pair is now moving closer to its weekly high. Spot prices remain below.

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.

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