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Forex Analysis
Key events on May 3: fundamental analysis for beginners
For Friday, the lineup of macroeconomic events is quite considerable. Let us start with the US reports as they can be crucial for the US dollar. In recent weeks...
Relevance until2024-05-04
Analytical expert:
2024-05-03
Forex Analysis
Trading plan for GBP/USD on May 3. Simple tips for beginners
Analyzing Thursday's trades: GBP/USD on 1H chart The GBP/USD pair also tried to initiate a downward movement on Thursday after the price consolidated below the ascending trend line...
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Analytical expert:
2024-05-03
Forex Analysis
Trading plan for EUR/USD on May 3. Simple tips for beginners
Analyzing Thursday's trades: EUR/USD on 1H chart The EUR/USD pair traded within an ascending channel on Thursday, which it should have already broken out of. In fact, we continue...
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Analytical expert:
2024-05-03
Crypto Analysis
Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday May 03 2024.
On the 4 hour chart of Doge cryptocurrency, Seller seems still looks dominating where this is shown by the MA 20 which is below MA 200. However, with the price...
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Analytical expert:
2024-05-03
Crypto Analysis
Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday May 03 2024.
On the 4 hour chart of Solana cryptocurrency, although MA 20 is below MA 200 which indicates that those cryptocurrency is in the seller pressure but with the price movement...
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Analytical expert:
2024-05-03
Forex Analysis
Forecast for EUR/USD on May 3, 2024
EUR/USD Yesterday, the euro made a strong effort to return to the 1.0636/56 range, but the market's brief return to risk took over. The price returned above the resistance...
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Analytical expert:
2024-05-03
Forex Analysis
Forecast for GBP/USD on May 3, 2024
GBP/USD The British pound remains focused on achieving a 50% correction from the decline between March 8th and April 22nd. This correction coincides with the target level of 1.2596. Pressure...
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Analytical expert:
2024-05-03
Forex Analysis
Forecast for USD/JPY on May 3, 2024
USD/JPY The yen continues to actively fluctuate. Yesterday's trading range exceeded 3 figures, closing the day down by 93 pips. The pair continues to fall in today's Pacific session...
Relevance until2024-05-04
Analytical expert:
2024-05-03
Forex Analysis
The euro did not understand the Fed's signals
The Federal Reserve decided to exercise patience. Fed Chair Jerome Powell was absolutely clear about this. Unlike previous FOMC meetings, where he asserted that the federal funds rate would...
Relevance until2024-05-07
Analytical expert:
2024-05-02
Forex Analysis
Analysis of GBP/USD pair on May 2nd. The final chord for the dollar
The wave analysis for the GBP/USD pair remains quite complex. A successful attempt to break through the Fibonacci level of 50.0% indicated the market's readiness to build a downward wave...
Relevance until2024-05-03
Analytical expert:
2024-05-02