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The wave pattern for the GBP/USD instrument remains quite complex and very ambiguous. For some time, the wave picture looked quite convincing and suggested the formation of a downward wave.
EUR/USD. The rate decision in September will depend on inflation
The EUR/USD pair began to decline after yesterday's ECB meeting. The decline in the exchange rate began about a day before the next meeting of the European regulator. However, this.
Trading Signals for Ethereum (ETH/USD) for July 19-23: buy above $3,434 (6/8 Murray - strong resistance)
Early in the American session, Ethereum (ETH/USD) is trading around 3,415, bouncing after having reached the bottom of the bullish trend channel forming since July 7. In case Ether breaks.
Trading Signals for BITCOIN (BTC/USD) for July 19-23: buy above $63,000 (4/8 Murray - strong support)
Early in the American session, Bitcoin (BTC/USD) is trading around 63,609, reaching strong support that coincides with the levels reached in early July. BTC has bullish potential as it trades.
Trading Signals for EUR/USD for July 19-23: sell below 1.0909 (3/8 Murray - 21 SMA)
Early in the American selection, the EUR/USD pair is trading around 1.0888 within a downtrend channel formed on the H4 chart, below 3/8 Murray, and below the 21 SMA showing.
EUR/USD. The comeback of the dollar
The upward momentum in the EUR/USD pair, which we observed at the beginning of the week, has completely faded. Yesterday, EUR/USD buyers approached the resistance level of 1.0960 (the upper.
XAU/USD. Review and analysis
Today, the price of gold continues its decline The US dollar, recovering confidently from the previous day's four-month low and slowly rising, has become the main factor dragging the commodity.
Indicator analysis: Daily review of GBP/USD on July 19, 2024
On Thursday, the pair fell, tested the 23.6% retracement level at 1.2941 (red dashed line), and closed the daily candle at 1.2940. Today, the pair may continue its downward movement.
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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.