InstaForex Laurie Bailey
Forecast for EUR/USD on April 2, 2024
EUR/USDYesterday we saw slightly mixed but generally upbeat US reports. The S&P US Manufacturing PMI was 51.9 in March, slightly down from 52.2 in February, but at the same time, the ISM Manufacturing PMI increased from 47.8 to 50.3. New orders rose t...
6 months ago
Forecast for GBP/USD on April 2, 2024
GBP/USDFollowing our main scenario, the British pound broke out of consolidation and moved lower amid the general weakness of the dollar and the stock market (S&P 500 -0.20%). The pound lost 76 pips, and now it is approaching the target support at 1.2...
6 months ago
Forecast for GBP/USD on April 8, 2024
GBP/USD:Last Friday, the British pound's sharp drop against the attack on the support at 1.2596 showed that it is not a very strong level; if the price manages to break through this mark, it can easily reach the target level of 1.2500. The signal line of...
6 months ago
Forecast for EUR/USD on April 8, 2024
EUR/USD:Friday's U.S. employment data came out excellent, providing traders with a good reason for risk-taking, but then the enthusiasm quickly faded, and the euro and other counter-dollar currencies closed the day lower (the dollar index was down 0.17%)....
6 months ago
Forecast for AUD/USD on April 8, 2024
AUD/USDAfter the Australian dollar failed to test the resistance of 0.6627, it returned to the area below the MACD indicator line, and consolidated. In today's Pacific session the price is struggling with the support of the balance indicator line.If it su...
6 months ago
Forecast for EUR/USD on April 9, 2024
EUR/USDYesterday, market sentiment among speculators was neutral; S&P 500 -0.04%, Nasdaq 0.03%. German industrial production increased 2.1% in February against expectations of 0.6%, and the Eurozone Sentix Investor Confidence Index rose from -10.5 in...
6 months ago
Forecast for GBP/USD on April 9, 2024
GBP/USDYesterday, the pound sterling rose to the resistance area of the embedded descending price channel and the daily balance indicator line.In today's Pacific session, the price thought about its ability to rise while being below the balance line and w...
6 months ago
Forecast for USD/JPY on April 9, 2024
USD/JPYThe USD/JPY pair covered the entire range of target levels 150.80-151.95 in two days. On Friday, the price turned upwards from the balance line (red moving average) and from the level of 150.80. This morning, the upper boundary of the range and the...
6 months ago
Forecast for EUR/USD on April 10, 2024
EUR/USDThe euro continues to jump this week, as the European Central Bank meeting is set to take place tomorrow. The price has not yet reached the MACD line on the daily chart. Perhaps this was influenced by the Marlin oscillator, which moved down from th...
6 months ago
Forecast for GBP/USD on April 10, 2024
GBP/USDYesterday, the British pound managed to consolidate above the embedded green channel line. But at the same time, the price remains below the balance indicator line, which tells us about the corrective nature of the pound's highly volatile movements...
6 months ago
Forecast for AUD/USD on April 10, 2024
AUD/USDOn Tuesday, the Australian dollar managed to break away from the daily MACD line and was able to rise above the target level of 0.6627. This morning, the price is staying exactly at this level, while the Marlin oscillator is slightly moving downwar...
6 months ago
Forecast for EUR/USD on April 11, 2024
EUR/USDThe market's nervousness ahead of the European Central Bank meeting, which is expected to show a dovish stance, finally manifested - the euro slumped by 113 pips after yesterday's US inflation data. The Core CPI inflation held steady at 3.8% y/y, a...
6 months ago
Forecast for GBP/USD on April 11, 2024
GBP/USDYesterday, the dollar strengthened by 1.02%, and the pound led losses in the currency market by falling 1.10% (137 pips). This confirms the British currency's weakness over the past week. After a break below the support level of 1.2596, the price i...
6 months ago
Forecast for USD/JPY on April 11, 2024
USD/JPYThe USD/JPY pair finally received an external impetus and broke out of a two-week consolidation by trading higher. Yesterday, the price breached a strong resistance at 151.95-152.00, formed by a target level and a price channel line. Now, the pair...
6 months ago