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Trade Analysis and Tips for Trading the British Pound The price test at 1.2561 occurred as the MACD indicator began moving downward from the zero line, confirming a valid entry.
GBP/USD: November 22 - Another Decline for the Pound
On the hourly chart, the GBP/USD pair continued its downward movement on Thursday and extended its decline into Friday. Today, the pair has reached the 1.2517 level, where the decline.
Trading Signals for GOLD (XAU/USD) for November 22-25, 2024: sell below $2,709 (5/8 Murray - 61.8%)
The eagle indicator reached the 95-point zone which means that a technical correction could occur in the next few days and we even expect gold to return to levels around.
USD/CAD. Analysis and Forecast
On the last day of the week, before the European session began, the USD/CAD pair showed a slight increase. However, it lacks strong buying pressure, keeping it below the psychological.
GBP/USD: Simple Trading Tips for Beginner Traders on November 22. Analysis of Yesterday's Forex Trades
The test of the 1.2650 price level coincided with the MACD indicator being significantly above the zero mark, which limited the pair's upward potential. For this reason, I refrained from.
EUR/USD and GBP/USD for November 22 – Technical Analysis
Bearish players renewed the minimum consolidation low yesterday, resuming the downward movement. The following downside targets on the chart are the monthly medium-term trend (1.0454) and the 100% completion level.
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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.