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Analytics today
In my morning forecast, I focused on the level of 1.2744 and planned to make market entry decisions from it. Let's look at the 5-minute chart and see what happened.
Forecast for EUR/USD on August 6, 2024
On Monday, the EUR/USD pair continued its growth and managed a rally to the 1.10 level. On the same Monday, there was a reversal in favor of the U.S. dollar.
Trading plan for EUR/USD and GBP/USD on August 6, 2024
The US dollar remains under selling pressure amidst speculations on the Federal Reserve's further policy moves. The thing is that investors increased recession fears. There has been active discussion about.
EUR/USD: simple trading tips for beginners for the European session on August 6
Analysis of trades and tips on EUR/USD The price test of 1.0966 occurred when the MACD indicator started its upward movement from the zero mark, confirming the correct entry point.
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday August 06, 2024.
When we look at the 4-hour chart of the Crude Oil commodity asset, it is very clear that #CL is under pressure from Sellers, where this can be seen from.
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 06, 2024.
Although currently on the 4-hour chart, the Silver commodity asset is under Seller pressure, which is confirmed by its price movement which is in and moving harmoniously within the Bearish.
Hot forecast for EUR/USD on August 6, 2024
Not only has there been active discussion about the possibility of the Federal Reserve reducing the interest rate by 0.50% immediately, but there are rumors that the U.S. central bank.
Forecast for EUR/USD on August 6, 2024
EUR/USD Yesterday's market panic had almost subsided by this morning. Monday did not turn out to be a "black" day. The S&P 500 plummeted by 4.71%, closing at -3.00%. Good.
Trading recommendations and analysis for GBP/USD on August 6; The pound was not impressed by the general panic
On Monday, the GBP/USD pair also attempted to show a new growth phase, but it failed contrary to the logic of movements over the past seven months. For the first.
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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.