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Forecast for AUD/USD on November 6, 2024
The Australian dollar held within a neutral range of 0.6570-0.6640 yesterday and this morning. This confirms the significance of these levels: if the price breaks above 0.6640, it will likely.
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Trading Recommendations and Analysis for GBP/USD on November 6; The British Pound Seizes the Opportunity
The GBP/USD currency pair traded upward on Tuesday, although there was no significant reason for this other than the need to correct after a month-long decline. On the contrary.
Trading Recommendations and Analysis for EUR/USD on November 6; The Market Reacts to the Elections
The EUR/USD currency pair unexpectedly showed an upward movement on Tuesday. However, there's no reason to be surprised by this movement since an upward correction is underway, and the U.S.
USD/JPY: Simple Trading Tips for Beginner Traders on November 5th (U.S. Session)
Analysis of Trades and Trading Tips for the Japanese Yen The test of the 152.15 level occurred when the MACD indicator had moved significantly below the zero line, limiting.
S&P500 ahead of game-changing event
Until the election outcome clarifies who won this presidential race and the votes are fully counted, investors are adopting a wait-and-see stance, at least until the end of today's trading.
EUR/GBP. Analysis and Forecast
The EUR/GBP pair consolidates as investors adopt a cautious stance ahead of the Bank of England's pivotal meeting on Thursday. The Bank of England is expected to focus.
EUR/USD. November 5th. Lagarde's Speech Could Help the Bulls
On Monday, the EUR/USD pair returned to the 161.8% corrective level at 1.0873. A rebound from this level could signal a reversal in favor of the euro and a resumption.
EUR/USD and GBP/USD on November 5 – Technical Analysis
Yesterday, the monthly short-term trend resistance (1.0909) was tested. Despite the significant upward gap at the opening and the bulls' persistence, the outcome is recorded as a long upper shadow.
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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.
