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Bitcoin is trading around $56,000 in the 2/8 Murray zone and within the uptrend channel forming since August 5th, albeit showing signs of exhaustion. BTC is expected to continue.
Trading Signals for GOLD (XAU/USD) for August 7-9, 2023: buy above 2,390 (200 EMA - rebound)
As long as the yellow metal trades above 2,381, there is a possibility of a further rise. So, the instrument could reach 6/8 Murray at 2,437 in the short term.
EUR/USD: Simple Trading Tips for Beginner Traders on August 7 (U.S. Session)
Analysis of Trades and Tips for Trading the Euro The test of the 1.0921 price level occurred when the MACD indicator had already moved significantly upward from the zero mark.
Forecast of EUR/USD pair on August 7, 2024
On Tuesday, the EUR/USD pair continued its decline and even managed to settle below the support zone of 1.0917–1.0929. However, the beginning of today's session shows that the bulls.
JPY again slumps against USD
This morning, the yen again slumped from 144 to 148 against the US dollar, following comments from the Bank of Japan that highlighted discomfort caused by ongoing market instability, which.
EUR/USD: simple trading tips for beginners for the European session on August 7
Analysis of trades and tips on EUR/USD The price test of 1.0921 occurred when the MACD indicator started its upward movement from the zero mark, confirming the correct entry point.
Trading plan for EUR/USD on August 7. Simple tips for beginners
Analyzing Tuesday's trades: EUR/USD on 1H chart The EUR/USD pair traded more calmly on Tuesday. The market started to "recover" from Friday's events and Monday's panic, and the macroeconomic background.
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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.