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Forex AnalysisForecast, GBP, USD, GBPUSD, For beginners

GBP/USD: Simple trading tips for novice traders on May 2nd (US session)

Analysis of transactions and trading advice for the British pound The first test of the price at 1.2515 occurred at a time when the MACD indicator had descended significantly from...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T11:47:44
Forex AnalysisTechnical analysis, EURUSD

Forecast for EUR/USD on May 2, 2024

EUR/USD Yesterday's FOMC meeting turned out to be hawkish in terms of Federal Reserve Chair Jerome Powell's statements at the press conference. Powell said the next rate...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T03:20:07
Forex AnalysisTechnical analysis, GBPUSD

Forecast for GBP/USD on May 2, 2024

GBP/USD Yesterday, the British pound unexpectedly returned to the intermediate resistance at 1.2525 – the lows of February 5th and 14th, and the 38.2% Fibonacci level. Despite the intermediate status...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T03:02:10
Forex AnalysisForecast, EUR, USD, EURUSD, For beginners

EUR/USD: trading tips for beginners for European session on May 2

The price test of 1.0675 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T07:24:49
Forex AnalysisTrading plan, GBP, USD, GBPUSD, COT (Commitments of Traders)

GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521

In my morning forecast, I highlighted the level of 1.2521 and planned to base market entry decisions on it. Let's look at the 5-minute chart and analyze what happened there...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T11:33:22
Forex AnalysisTechnical analysis, AUDUSD

Forecast for AUD/USD on May 2, 2024

AUD/USD Yesterday, the Australian dollar failed to consolidate below the support it reached at 0.6480, hindered by neighboring currencies that rallied following the Federal Reserve meeting. The price stopped rising...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T03:02:06
Forex AnalysisFundamental analysis, EUR, GBP, USD, EURUSD, GBPUSD, For beginners

Key events on May 2: fundamental analysis for beginners

There are fewer macroeconomic events on Thursday, and none of them are crucial. The second estimates of the manufacturing Purchasing Managers' Index (PMI) for Germany and the EU will...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T04:18:36
Forex AnalysisTrading plan, EUR, USD, EURUSD, For beginners

Trading plan for EUR/USD on May 2. Simple tips for beginners

Analyzing Wednesday's trades: EUR/USD on 1H chart The EUR/USD pair showed dishonorable movements on Wednesday. First of all, the market ignored all the "important" US reports. Secondly, the price initially...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T04:01:36
Forex AnalysisTrading plan, GBP, USD, GBPUSD, For beginners

Trading plan for GBP/USD on May 2. Simple tips for beginners

Analyzing Wednesday's trades: GBP/USD on 1H chart The GBP/USD pair hardly moved on Wednesday, as it was mostly stagnant throughout the day. Although the price settled below the ascending trendline...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T04:01:40
Forex AnalysisForecast, GBP, USD, GBPUSD, For beginners

GBP/USD: trading tips for beginners for European session on May 2

The price test of 1.2494 in the afternoon occurred at a time when the MACD indicator was just starting to move up from the zero mark, which confirmed the entry...
iconRelevance until2024-05-03
Analytical expert:
2024-05-02T07:24:53
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