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Bitcoin and Ether Buyers did not cope well Bitcoin recovered to around $61,500 during the European session on Wednesday morning after falling to $60,300 on Tuesday evening. This drop followed.
EUR/USD: Simple Trading Tips for Novice Traders on October 2. Analysis of Yesterday's Forex Trades
Trade Analysis and Tips for Trading the Euro The test of the 1.1075 level occurred when the MACD indicator had already moved significantly below the zero mark, limiting the pair's.
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.
Middle East escalation, Wall Street crisis: Who will win in the battle between oil and stocks?
Dollar rises with Treasuries on safe haven bets Wall Street indices end lower, global index falls Oil rises but steadies below session highs US jobs rebound in August Port strike.
Forecast for USD/JPY on October 2, 2024
Yesterday, the yen held around the 143.60 level. This morning, the pair is trying to rise. If this upward movement continues, the price will encounter resistance at the MACD line.
XAU/USD: Analysis and Forecast
Today, gold is attracting some buyers during its decline, interrupting a two-day losing streak. However, it remains below the record high reached last week. Hawkish comments from Federal Reserve Chairman.
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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.