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The EUR/USD pair continued its weak upward movement on Friday. The bulls managed to secure above the 76.4% correction level at 1.0858, which suggests a continuation of growth. However.
XAU/USD. Review and Analysis
A combination of supportive factors helps gold attract buyers for the second consecutive day. The U.S. PCE (Personal Consumption Expenditures) price index data released on Friday showed a modest increase.
Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and GOLD on July 29
Analysis: The EUR/USD pair continues a sideways flat movement. The unfinished section of this trend is upward, starting from mid-April. The price is between clusters of potential reversal levels.
Trading Signals for GOLD (XAU/USD) for July 29-31, 2024: sell below 2,402 (200 EMA - 6/8 Murray)
Early in the American session, gold is trading around 2,392, showing signs of exhaustion and retreating after having reached the psychological level of 2,400. According to the H4 chart, gold.
Pound moves from words to actions
Thanks to a booming economy, the most stable Labour government in five years, and the Bank of England's deliberate pace, the GBP/USD pair has climbed to yearly highs. However, when.
EUR/USD: trading tips for beginners for the European session on July 29
Overview of trading and tips on EUR/USD Despite the release of some important US data, the levels I mentioned were not tested in the second half.
Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs , Monday July 29, 2024.
If we look at the daily chart of the exotic currency pair USD/IDR, there are several interesting things, first the appearance of the Rising Wedge pattern, second there.
Forecast for EUR/USD on July 29, 2024
EUR/USD Ahead of the Federal Reserve's rate decision on July 31, the euro has decided to drift within the range of 1.0788-1.0905. This indicates market instability, which is most likely.
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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.