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The bears wasted no time and decided to start the month with active and effective downward movement. As of yesterday, the support of the weekly short-term trend (1.1048) was tested.
Hot Forecast for EUR/USD on October 2, 2024
The preliminary estimate of euro area inflation showed a slowdown in the growth of consumer prices from 2.2% to 1.8%. Although the data fully matched forecasts, this report marked.
How to Trade the GBP/USD Pair on October 2? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's trades: 1H GBP/USD chart: On Tuesday, the GBP/USD pair also showed a significant downward movement and, most importantly, broke through the ascending trend line. The British pound.
How to Trade the EUR/USD Pair on October 2? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's trades: 1H EUR/USD chart: On Tuesday, the EUR/USD pair sharply dropped and broke out of the horizontal channel 1.1091-1.1191. As mentioned before, we expect only a decline.
Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Wednesday October 02, 2024.
After being stuck at the 1.9531-1.9489 area level which is now the Resistance area level on the 4-hour GBP/AUD chart, the currency pair is currently experiencing quite a strong weakening.
Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday October 02, 2024.
Currently on the 4-hour chart, the AUD.JPY currency pair is moving in a Sideways condition, this is confirmed by the EMA 21 which moves between the Candle bodies with.
Trading Recommendations and Analysis for GBP/USD on October 2; The Pound's Collapse Has Begun
The GBP/USD currency pair also showed a significant decline on Tuesday. This outcome doesn't surprise us, as the pound sterling is even more overbought and unjustifiably expensive than the euro.
Forecast for EUR/USD on October 2, 2024
Yesterday's drop in the euro and stock indexes is quite understandable given the escalation in the Middle East, but the historical example of the US-Iraq war in 2003, when.
EUR/USD. A Tough Time for the Euro
The EUR/USD pair came under significant pressure on Tuesday following the release of inflation data in the Eurozone. The report met forecast levels but reflected a slowdown.
USD/JPY: Simple Trading Tips for Beginner Traders on October 1 (U.S. Session)
The test of the 144.16 price level occurred as the MACD indicator began moving downward from the zero mark, confirming that it was an appropriate entry point for a sell.
GBP/USD: Trading Plan for the U.S. Session on October 1 (Review of Morning Trades). The Pound Fell to the 1.3315 Level
In my morning forecast, I focused on the 1.3351 level and planned to make market entry decisions based on it. Let's take a look at the 5-minute chart and analyze.
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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.