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Forecast for EUR/USD on October 31, 2024
The single European currency extended its gains yesterday, reaching the 23.6% Fibonacci retracement level, just shy of the target level at 1.0882. If the current correction follows Fibonacci levels.
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Overview of GBP/USD on October 31; ADP Impresses, but Non-Farm Payrolls Await
The GBP/USD currency pair started to rise but quickly dropped as the U.S. ADP report—considered a precursor to Non-Farm Payrolls—was released. It's worth noting, however, that there is no consistent.
USD/JPY: Simple Trading Tips for Beginner Traders on October 30th (U.S. Session)
Trade Analysis and Tips for Trading the Japanese Yen The test of the 153.10 price level occurred as the MACD indicator began moving downward from the zero line, confirming.
Forecast of EUR/USD pair on October 30, 2024
On Tuesday, the EUR/USD pair completed its third rebound from the support zone of 1.0781–1.0797, turning in favor of the euro and starting a new climb toward the much-contested 161.8%.
EUR/USD: Trading Plan for the U.S. Session on October 30th (Analysis of Morning Trades)
In my morning forecast, I highlighted the 1.0858 level as a decision point for market entry. Let us examine the 5-minute chart to analyze the developments. The price rose, formed.
XAU/USD. Analysis and Forecast
Gold continues to reach new all-time highs. The demand for haven assets, driven by the risk of further geopolitical tensions and uncertainties surrounding the U.S. presidential elections, remains.
Trading Signals for BITCOIN (BTC/USD) for October 30-31, 2024: buy above $71,875 (7/8 Murray - symmetrical triangle)
Bitcoin is trading around $71,900, forming a symmetrical triangle pattern within the bullish trend channel forming since October 23. Bitcoin could break and consolidate above $72,000 in the next.
Trading Signals for EUR/USD for October 30-31, 2024: buy above 1.0800 (21 SMA - 1/8 Murraty)
On the H4 chart, we can see that the euro broke this channel sharply on October 23. After a rebound above the top of this bearish trend channel, the bullish.
USD/JPY: Simple Trading Tips for Beginner Traders on October 30. Analysis of Yesterday's Forex Trades
Analysis of Trades and Trading Tips for the Japanese Yen The test at the 153.29 level occurred when the MACD indicator had already moved significantly below the zero line, limiting.
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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.
