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In my morning forecast, I focused on the 1.0885 level and planned to make market entry decisions from there. Let's look at the 5-minute chart and understand what happened.
USD/JPY: Technical analysis on July 16
The bulls are currently trying to stay in the zone of influence of the weekly short-term trend (158.25). But in order to secure a good position in the current situation.
GBP/USD. July 16th. Jerome Powell is satisfied with the progress in inflation
On the hourly chart, the GBP/USD pair continued to grow towards the level of 1.3011 on Monday, but this time the bulls' attack was not very convincing. No new signals.
The euro and the pound did not react to the statements of the Fed chairman
Federal Reserve Chairman Jerome Powell stated yesterday that economic data for the second quarter has given policymakers more confidence that inflation will soon reach the central bank's 2% target, which.
EUR/USD: trading tips for beginners for the European session on July 16
Overview of trading and tips on EUR/USD The price test of 1.0920 occurred when the MACD indicator had sharply moved up from the zero mark, which limited the pair's potential.
Outlook for GBP/USD on July 16. The pound has taken the day off
GBP/USD tried to overcome the area of 1.2981-1.2987 twice on Monday, but failed to do so. It was even strange to see that the pair failed to overcome this area.
Forecast for EUR/USD on July 16, 2024
EUR/USD Yesterday, the euro failed to consolidate above the target level of 1.0905, closing the day down by 12 pips. The divergence with the Marlin oscillator increased.
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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.