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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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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Forecast for AUD/USD on May 26, 2023

AUD/USD: After successfully breaking down the target level of 0.6567, the AUD/USD pair is heading towards the target level of 0.6425. The target level of 0.6340 is just below it. The signal line of the daily Marlin oscillator is showing a slight upward turn, indicating a slowdown in the decline caused by the momentum from […]

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How to trade EUR/USD on May 26. Simple trading tips and analysis for beginners

Analyzing Thursday’s trades: EUR/USD on 30M chart EUR/USD extended its downward movement on Thursday, following the current trend. Volatility remained very low, with only a 50-pip range. However, the euro continues to steadily trade lower as it had previously shown illogical growth for a long time. Most factors currently favor further strengthening of the US […]

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Ripple [XRP/USD] at crossroads

The price of Ripple dropped a little in the short term and now is trading at 0.4503 at the time of writing. The altcoin crashed as the price of BTC/USD dropped. XRP/USD dropped by 6.82% from Friday’s high of 0.4754 to 0.4430 today’s low. In the last 24 hours, XRP/USD is up by 0.18% but […]

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GBP/USD: downside continuation validated

GBP/USD Strong Sellers! The GBP/USD pair extended its downside movement in the short term and now is trading at 1.2334 at the time of writing. As you can see on the h1 chart, the rate dropped below the 1.2351 former low which represented a downside obstacle. The downtrend line represents an upside obstacle. As long […]

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Analysis of GBP/USD. May 25. The US labor market may begin to experience problem

The wave labeling for the GBP/USD pair appears complex and ambiguous because it does not resemble a classical corrective or impulsive trend segment. The formation of a new upward trend segment in the pound continues. From March 8th to May 10th, I can only identify one wave of the current scale, so there is a […]

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Analysis of EUR/USD. May 25th. De Guindos, ECB: it is necessary to curtail support measures

The wave labeling on the 4-hour chart for the euro/dollar pair remains non-standard and has not changed in recent weeks. The quotes continue to move away from previously reached highs, so the three-wave upward structure can be considered complete. The entire ascending trend segment could form a five-wave corrective pattern, but at the moment, I […]

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Gold: bearish pattern activated

The price of gold crashed after the US economic data and now is trading at 1,947 right above 1,939 today’s low. You already know from my analyses that the downside pressure remains high after yesterday’s false breakout through 1,984. Earlier today, the US Prelim GDP, Unemployment Claims, and Prelim GDP price Index came in better […]

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May 25, 2023 : EUR/USD Technical Analysis and Key Levels for Today.

The pair dropped to 0.9600, the lowest level since 2002, and then bounced back strongly, especially around this key support level. The bulls did not stop at the next resistance level of 1.0100, but pushed the prices higher along the lower edge of the shown channel. This resulted in reaching new bullish targets at 1.0250, […]

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GBP/USD Technical Outlook and Key Levels for Today, May 25, 2023.

The pair was in an uptrend from 1.0400 to 1.0600, which prevented further losses. The rising lows at 1.1150 and 1.1750 showed that bulls were strong and could push the price higher than 1.1750. Bulls faced resistance at 1.2340, but they overcame it. However, they could not make a new high and instead repeated the […]

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XAU/USD Outlook for May 25, 2023

Our main forecast is based on the expectation of a resumption of growth for XAU/USD. In the current situation of uncertainty, many economists predict an increase in demand for safe-haven assets, particularly gold. From a technical perspective, XAU/USD is developing a short-term downward dynamics towards key support levels: 1905.00 (144 EMA on the daily chart), […]

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