This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Popular analytics
The wave structure for GBP/USD remains quite complex and ambiguous. For some time, the wave pattern seemed convincing and suggested the formation of a downward wave set with targets below.
GBP/USD: Simple Trading Tips for Beginner Traders on July 29 (U.S. Session)
Analysis of Trades and Tips for Trading the British Pound The test of the price at 1.2860 occurred when the MACD indicator had already moved significantly below the zero mark.
EUR/USD: Trading Plan for the U.S. Session on July 29 (Review of Morning Trades). The Euro Fell Against the Dollar
In my morning forecast, I highlighted the levels of 1.0849 and 1.0827 and planned to make market entry decisions based on these levels. Let's look at the 5-minute chart.
Trading Signals for BITCOIN (BTC/USD) for July 29-31, 2024: buy above $68,000 (21 SMA - 6/8 Murray)
Bitcoin is trading around 69,635, showing strong bullish momentum. Eventually, BTC is likely to reach the landmark level of $70,000 in the next few hours and could even reach 7/8.
Trading Signals for GBP/USD for July 29-31, 2024: buy above 1.2806 (200 EMA - 5/8 Murray)
The eagle indicator is in the oversold zone. Therefore, we believe a technical rebound could occur in the next few hours and we will look for opportunities to buy above.
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.
Trading Signals for EUR/USD for July 29-31, 2024: buy above 1.0827 (200 EMA - 6/8 Murray)
Early in the American session, the euro is trading around 1.0836 above the 200 EMA and within the bearish trend channel forming on the H4 chart since July 17. According.
Show more
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.