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Analytics today

GBP/USD: Trading Plan for the U.S. Session on October 31st (Review of Morning Trades)

09:46 2024-10-31 UTC--4 Relevance up to 08:00 UTC--4

Author: Maxim Magdalinin

Popular analytics

USD/JPY: Simple Trading Tips for Beginner Traders on October 31st (U.S. Session)

09:41 2024-10-31 UTC--4

EUR/USD: Simple Trading Tips for Beginner Traders on October 31st (U.S. Session)

09:36 2024-10-31 UTC--4

GBP/USD: Trading Plan for the U.S. Session on October 31st (Review of Morning Trades)

09:46 2024-10-31 UTC--4

EUR/USD: Trading Plan for the U.S. Session on October 31st (Review of Morning Trades)

09:43 2024-10-31 UTC--4

USD/JPY. Analysis and Forecast

09:32 2024-10-31 UTC--4

Trading plan

GBP/USD: Trading Plan for the U.S. Session on October 31st (Review of Morning Trades)

In my morning forecast, I highlighted the 1.2964 level as a key entry point. Let's look at the 5-minute chart to analyze what happened. The breakout and retest of 1.2964.

Trading plan

EUR/USD: Trading Plan for the U.S. Session on October 31st (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0870 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart to analyze what happened.

Forecast For beginners

USD/JPY: Simple Trading Tips for Beginner Traders on October 31st (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 152.73 level occurred when the MACD moved well below the zero line, limiting the pair's downward potential.

Forecast For beginners

GBPUSD: Simple Trading Tips for Beginner Traders on October 31st (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The test of the 1.2965 level occurred when the MACD was already well above the zero line, which limited the pair's.

Forecast For beginners

EUR/USD: Simple Trading Tips for Beginner Traders on October 31st (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.0863 level occurred when the MACD indicator had already moved significantly above the zero mark, limiting the pair's upward.

Fundamental analysis

USD/JPY. Analysis and Forecast

After the Bank of Japan's recent announcement, the USD/JPY pair came under strong selling pressure in response to hawkish hints from the Bank of Japan, dropping to the 152.00 level.

Fundamental analysis

USD/JPY: Why Did the Yen Appreciate?

At its October meeting, the second-to-last of the year, the Bank of Japan maintained all current monetary policy parameters, keeping the key interest rate at 0.25%. After two rate hikes.

Technical analysis

Forecast for EUR/USD pair on October 31, 2024

On Wednesday, the EUR/USD pair rose to the 161.8% corrective level at 1.0873 and then rebounded. The decline following the rebound was mild, but the uptrend has yet to resume.

Technical analysis

Forecast for GBP/USD pair on October 31, 2024

On the hourly chart, the GBP/USD pair on Wednesday dropped nearly to the level of 1.2931, though it didn't reach it fully. Therefore, no new buy signal was formed. Over.

Technical analysis

EUR/USD and GBP/USD Technical Analysis for October 31

Yesterday, the bulls climbed above the daily short-term trend (1.0817) but couldn't break through the weekly resistances (1.0844 – 1.0863 – 1.0876) on the first attempt, leaving this task still.

Crypto-currencies

Trading Recommendations for the Cryptocurrency Market on October 31

While Bitcoin and Ethereum prices have stabilized after a significant increase observed the previous day, MicroStrategy, one of the largest companies holding Bitcoin, has paused its asset accumulation since mid-September.

Forecast For beginners

USD/JPY: Simple Trading Tips for Beginner Traders on October 31. Analysis of Yesterday's Forex Trades

Analysis of Trades and Trading Tips for the Japanese Yen The test of the 153.15 price level aligned with the MACD indicator just beginning its upward movement from the zero.

Forecast For beginners

GBPUSD: Simple Trading Tips for Beginner Traders on October 31. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the British Pound The price test of 1.2959 occurred when the MACD indicator moved significantly below the zero mark, limiting the pair's downward potential.

Forecast For beginners

EURUSD: Simple Trading Tips for Beginner Traders on October 31. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Euro The test of the 1.0820 price level occurred when the MACD indicator had already moved significantly below the zero mark, limiting.

News

AI Breaks and Breaks: Amazon Spends, Microsoft Gains, Nasdaq Slips

Microsoft Beats Quarterly Revenue Estimates AMD Falls, Putting Pressure on Chip Stocks Alphabet Jumps on Earnings Beat Amazon AI Spending Likely to Rise, Too AI Chip Supply Constraints Stifle Infrastructure.

Fundamental analysis For beginners

What to Watch on October 31? Analysis of Fundamental Events for Beginners

There aren't many macroeconomic events scheduled for Thursday, but there will be some genuinely significant releases. The most important report will be on inflation in the Eurozone. Yesterday.

Hot forecast

Hot Forecast for EUR/USD on 31.10.2024

Although the preliminary Eurozone GDP estimate accelerated from 0.6% to 0.9%, it was still somewhat below the expected 1.0%. Nevertheless, the euro managed to show a notable rise. This.

Trading plan

Trading Recommendations and Analysis for GBP/USD on October 31; Pound Falls Again Before It Can Begin to Rise

The GBP/USD currency pair showed mixed movements on Wednesday, with an apparent reluctance to rise. Unlike EUR/USD, the GBP/USD pair had a much sparser macroeconomic background. While the euro received.

Trading plan

Trading Recommendations and Analysis for EUR/USD on October 31; The Euro Makes a Second Step Toward Correction

The EUR/USD currency pair attempted another upward correction on Wednesday. The euro gained 50-60 pips throughout the day, but the macroeconomic background, which significantly impacted trader sentiment yesterday, was quite.

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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