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The wave pattern for the GBP/USD pair remains quite complex and highly ambiguous. For a while, the wave structure appeared convincing and suggested the formation of a downward wave.
GBP/USD: Trading Plan for the U.S. Session on August 16 (Analysis of Morning Trades)
In my morning forecast, I focused on the 1.2884 level and planned to make market entry decisions based on it. Let's examine the 5-minute chart to review what occurred.
EUR/USD: Trading Plan for the U.S. Session on August 16 (Analysis of Morning Trades). The Euro is Showing Low Volatility
In my morning forecast, I highlighted several levels and planned to make decisions on market entry based on them. Let's examine the 5-minute chart to analyze what occurred. Unfortunately.
GBPUSD: Simple Trading Tips for Beginner Traders on August 16 (U.S. Session)
Analysis of Trades and Tips for Trading the British Pound Due to the extremely low volatility of the pound and the lack of a significant reaction to retail sales data.
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EUR/USD: simple trading tips for beginners for the European session on August 16
Analysis of trades and tips on EUR/USD The price test of 1.1000 occurred when the MACD indicator started to move downward from the zero mark, which provided a suitable entry.
Trading plan for GBP/USD on August 16. Simple tips for beginners
Analyzing Thursday's trades: GBP/USD on 1H chart The GBP/USD pair retreated to the level of 1.2798 on Thursday due to U.S. data that finally provided some support for the dollar.
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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.