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On Thursday, the EUR/USD pair consolidated below the 323.6% Fibonacci level at 1.0532 and continued its decline. Today, the price reached the 1.0420 level and came close to the 423.6%.
GBP/USD: Trading Plan for the U.S. Session on November 22nd (Analysis of Morning Trades)
In my morning forecast, I focused on the 1.2560 level and planned to make trading decisions based on it. Let's examine the 5-minute chart to analyze what happened. A drop.
XAU/USD. Analysis and Forecast
For the fifth consecutive day, gold is rising, reaching nearly a two-week high just below the psychologically significant level of $2700. Ongoing geopolitical risks continue to support the precious metal.
USD/JPY: Simple Trading Tips for Beginner Traders on November 22. Analysis of Yesterday's Forex Trades
The test of the 154.34 price level coincided with the MACD indicator just beginning its downward movement from the zero mark, confirming it as a valid point for selling.
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.
Trading Recommendations for the Cryptocurrency Market on November 22
Bitcoin is one step away from $100,000. Ethereum also gained over 10% yesterday and now targets the $3,500 mark. News that Gary Gensler will fully step down as SEC chairman.
Trading Recommendations and Trade Analysis for EUR/USD on November 22: The Euro Slides Further
On Thursday, the EUR/USD pair continued its downward trend. Over the past few days, the price has been moving sideways in a flat, range-bound channel. However, yesterday, we mentioned that.
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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.