Analysis and trading tips for EUR/USD on May 26 (US session)

Market signals did not appear in the morning as no price tests occurred in EUR/USD. But in the afternoon, volatility could increase due to the upcoming data on US core personal consumption expenditure. A decline in the index will lead to a further dip in euro, which could exacerbate amid rising income and expenditure levels […]

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Weekly Forex Outlook: 26/05/2023 – Nonfarm payrolls eyed as dollar rides Fed bets

With investors flirting with the idea of one final Fed rate increase this summer and the dollar making a comeback, there will be increased emphasis on the next round of US employment data on Friday. Debt ceiling negotiations will also be front and center as the clock ticks down to a US government shutdown, while […]

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Week Ahead – Nonfarm payrolls eyed as dollar rides Fed bets

With investors flirting with the idea of one final Fed rate increase this summer and the dollar making a comeback, there will be increased emphasis on the next round of US employment data on Friday. Debt ceiling negotiations will also be front and center as the clock ticks down to a US government shutdown, while […]

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Technical Analysis – USDCHF trims gains within bullish channel

USDCHF drifted down to 0.9017 after facing resistance around the familiar long-term constraining zone of 0.9070. The negative slope in the RSI and the Stochastic oscillator on the four-hour chart suggests market sentiment may remain downbeat in the coming sessions. The MACD has slipped back below its red signal line, increasing the likelihood of another leg […]

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EUR/USD and GBP/USD: Technical analysis for May 26

EUR/USD Higher timeframes Yesterday, the pair continued to decline but failed to reach the support level at 1.0693. As a result, the conclusions and expectations voiced earlier remain relevant. For bears, the nearest level of importance is 1.0693 (weekly medium-term trend). For bulls, a breakout of the daily and weekly resistances around 1.0787 – 1.0796 […]

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EUR/USD. May 26. Statistics from the USA gave additional confidence to the bears

The EUR/USD pair continued downward on Thursday and tested the corrective level of 38.2% (1.0726). There was no significant rebound from this level, but trader activity is currently quite weak, with many levels being tested in non-standard ways. The descending trend corridor is the main focus at the moment. The pair remains within its bounds […]

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GBP/USD. May 26. Bulls may receive positive sentiment

On the hourly chart, the GBP/USD pair continued its downward movement towards the 76.4% correction level at 1.2295 on Thursday. The level of 1.2342 is located nearby. A rebound from either of these levels or another confirmed buy signal would reverse the pair in favor of the British pound and start growing towards the upper […]

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EUR/USD and GBP/USD: Trading plan for beginners on May 26, 2023

Details of the economic calendar on May 25 The second estimate of U.S. GDP data for the first quarter were published yesterday, surpassing analysts’ forecasts. The U.S. economy saw a growth rate of 1.3% annually, while a growth rate of 1.1% was expected. This positive report led to further strengthening of the overbought dollar. At […]

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Video market update for May 26, 2023

Potential for the reaction up on the Gold and GBP… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD and GBP/USD: Trading plan for beginners on May 26,… May 26, 2023 Details of the economic calendar on May 25 The second…Daily Market Comment – Dollar pauses for breath ahead of… May 26, […]

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US inflation data unlikely to move markets. EUR/USD set to rise slightly; USD/JPY on track for decline.

The topic of negotiations regarding the US debt ceiling continues to dominate market attention, with implications expected both in negative and positive terms. However, today, investors’ focus will shift towards the release of crucial inflation indicators. Markets will be closely monitoring the release of the core Personal Consumption Expenditures (PCE) price index data and the […]

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Technical Analysis of Daily Price Movement of Ethereum Cryptocurrency, Friday May 26, 2023.

There are several interesting things if we look at the daily chart of the Ethereum cryptocurrency: 1. The emergence of the Bullish Continuation = Failing Wedge pattern. 2. The appearance of hidden deviations between price movements and the osMA indicator. 3. Price movement was again halted at the Bullish Orderblock support level 1784.28 for the […]

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Technical Analysis – GBPJPY hovers around 7-year high

GBPJPY has been stuck in an uptrend since the beginning of the year, generating a seven-year peak of 172.77 last Wednesday. However, the pair has been flat since then, appearing to be unable to extend its recent rally. The short-term oscillators currently suggest that bullish forces are waning but remain in control. Specifically, the RSI […]

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Technical Analysis – AUDJPY remains above key area as bearish pressure intensifies

AUDJPY is hovering around the 91 level, just a tad above a rather busy area that is key for market sentiment. This pair has actually been trading inside an aggressive upward sloping trend channel, but its upside is currently being capped by the 200-day simple moving average (SMA). Therefore, AUDJPY has failed to record a […]

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Taipei Traders Learn to Tackle a Recession

We’re happy to have completed another successful seminar in Taipei on May 21, where traders learned to equip themselves against a recession and trade in any economic condition. Attendees were guided by renowned mentor Lewis Huang, who showed them how to build a solid trading strategy using short-term swing trading. Attendees learned the different stages […]

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Technical Analysis – USDCAD in bullish mode; resistance at 1.3650

USDCAD bounced off its 200-day simple moving average (SMA) and went as high as 1.3653, surpassing a resistance line that had been in effect since March. The technical picture is feeding optimism for a bullish continuation. The price has bottomed out twice around 1.3300 before drifting higher and beyond its simple moving averages (SMAs). Traders are […]

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Indicator analysis: Daily review of GBP/USD on May 26, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.2317 (closing of yesterday’s daily candle) with the target of 1.2361, the 14.6% pullback level (red dotted line). Upon reaching this level, continued upward movement is possible with the target of 1.2393, the 23.6% pullback level (red dotted line). Fig. 1 (daily […]

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BTC update for May 26,.2023 – Testing of the resistance cluster at $26.000

Technical analysis: BTC/USD has been trading upside this morning and I found test of the previous support cluster at the price of $26.600. I see 2 scenarios around this key support level. In case of the upside breakout of the $26.600 and hold above, there is potential for the rally towards next major resistance at […]

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Indicator analysis: Daily review of EUR/USD on May 26, 2023

Trend analysis (Fig. 1). The market may move upward from the level of 1.0724 (closing of yesterday’s daily candle) to 1.0763, the 14.6% pullback level (red dotted line). When testing this level, the price may continue to move up. Fig. 1 (daily chart). Comprehensive analysis: Indicator analysis – up; Fibonacci levels – up; Volumes – […]

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GBP/USD. Overview for May 26. The Federal Reserve’s minutes turned out to be more “hawkish” than expected

Throughout the day, there were a few retracements upwards, but we have already drawn traders’ attention to this fact: the pair is currently moving with frequent corrections and low volatility. Such a movement pattern significantly complicates intraday trading. It is more profitable to trade in the medium-term style at the moment. “Fast” indicators currently generate […]

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Overview of the EUR/USD pair. May 26th. The dollar is unaffected by the banking crisis and unresolved debt problem

The EUR/USD currency pair continued downward on Thursday, ignoring the fundamental and macroeconomic background. By this, we mean that a certain global background always exists, even when there is no macroeconomic data or fundamental events within a particular day. The US dollar appreciates every day, which aligns with our expectations. Recall that for over a […]

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USDJPY, H4| Falling to 1st support?r?

The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDJPY storms to a fresh 6-month peak May 25, 2023 USDJPY has been trading within an upward sloping channel since mid-March,…Analysis of EUR/USD. May 25th. De Guindos, ECB: it is… May 25, 2023 The wave labeling on the 4-hour chart for the euro/dollar…NZDUSD […]

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XAUUSD, H4 | Potential react off resistance?

The material has been provided by InstaForex Company – www.instaforex.com Related Posts:BTC update for May 25,.2023 -Potential for the upside… May 25, 2023 Technical analysis: BTC/USD has been trading downside yesterday but I…GBP/USD analysis for May 25, 2023 – Potential for the… May 25, 2023 Technical analysis: GBP/USD has been trading downside yesterday but this…Analysis […]

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USDCHF, H4 | Bullish Divergence Expected?

The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USDJPY, H4| Bearish Divergence occou? May 25, 2023 The material has been provided by InstaForex Company – www.instaforex.comWTI, H4 | Bullish Continuation Expected? May 25, 2023 The material has been provided by InstaForex Company – www.instaforex.comGBP/USD. May 24. Inflation in Britain has decreased… May […]

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Elliott wave analysis of Silver for May 26, 2023

Silver has now tested support at 23.00 and could move a bit lower to test 22.66, but all requirements have now been fulfilled and silver could complete the correction in wave ii anytime now for the next impulsive rally through minor resistance at 24.21 towards 26.13 on the way higher to strong resistance near 30.00. […]

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Elliott wave analysis of Litecoin for May 26, 2023

Litecoin has spiked above the short-term key resistance at 86.89, strongly indicating that wave 2/ has been completed and wave 3/ higher towards 111.41 now is in motion. We are still very early in the new impulsive rally we are looking for, but we should see support near 85.67 acting as a floor for the […]

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Forecast for EUR/USD on May 26, 2023

EUR/USD: The euro continues to decline in the medium or even long-term perspective. Currently, the price has confirmed its position below the embedded line of the descending price channel and has broken through the support level of 1.0736. There is a small and weak convergence between the price and the Marlin oscillator, which maintains the […]

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Forecast for GBP/USD on May 26, 2023

GBP/USD: Yesterday, the pound opened and closed below the MACD indicator line. The downward movement may move towards the target range of 1.2125/53. The Marlin oscillator has slowed down and shows an intention to move up, which may indicate preparation for a correction to the MACD line (1.2400). If the correction does not occur and […]

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