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Analysis of GBP/USD on November 6, 2024
The wave pattern of GBP/USD remains complex and continues to develop into a more extended structure. Currently, the successful breakout of wave b in c suggests that the market.
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GBP/USD: Simple Trading Tips for Beginner Traders on November 6th (U.S. Session)
Analysis of Trades and Trading Advice for the British Pound At the 1.2911 price level, the MACD indicator rose significantly above the zero mark, limiting the pair's upward potential.
EUR/USD: Trading Plan for the U.S. Session on November 6th (Morning Trade Analysis)
In my morning forecast, I focused on the 1.0723 level to decide on market entries. Let's examine the 5-minute chart to analyze what occurred. A decline and a false breakout.
GBP/USD on November 6. GBP not to blame for its slump
Hello, dear traders! On the 1-hour chart, the GBP/USD pair carried on with its upward movement towards the 127.2% correction level at 1.3054 on Tuesday, but a sharp drop occurred.
GBPUSD: Simple Trading Tips for Beginner Traders on November 6. Review of Yesterday's Forex Deals
Trade Analysis and Tips for Trading the British Pound The test of the 1.2995 price level occurred when the MACD indicator had just begun to move upward from the zero.
What to Watch on November 6? Analysis of Fundamental Events for Beginners
No macroeconomic events are scheduled for Wednesday, but they aren't particularly needed at the moment. Overnight, both major currency pairs covered a 200-pip range within a few hours.
How to Trade the GBP/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's Trades: 1H Chart of GBP/USD Pair On Tuesday, the GBP/USD pair also traded higher, only to crash overnight into Wednesday. As we mentioned, this drop was impossible.
How to Trade the EUR/USD Pair on November 6? Simple Tips and Trade Analysis for Beginners
Analysis of Tuesday's Trades: 1H Chart of EUR/USD Pair On Tuesday, the EUR/USD pair traded upward, which is logical considering the correction that began. However, during the night, it plunged.
Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Wednesday November 06, 2024.
If we look at the 4-hour chart of the main currency pair EUR/USD on its daily chart, it can be seen that the price movement is moving below.
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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.
