InstaForex Paolo Greco
Key events on April 2: fundamental analysis for beginners
Analysis of macroeconomic reports: There are slightly more macroeconomic events scheduled for Tuesday. However, on Monday, there was the important US ISM Manufacturing PMI data, which triggered a significant decline in both currency pairs. On Tuesday, we...
6 months ago
Overview of the GBP/USD pair. April 2nd. The British pound continues to ignore the fundamental background
The GBP/USD currency pair on Monday continued to pretend to trade until the release of the ISM index. Inexperienced traders may think that a downward trend has formed in the 4-hour timeframe, but we want to note that this is not the case. First, switch to...
6 months ago
Overview of the EUR/USD pair. April 2nd. ECB may cut rates in 2024 twice as much as the Fed
The EUR/USD currency pair traded with low volatility and a slight downward trend for most of Monday. The most significant event on Monday was the ISM Manufacturing Purchasing Managers' Index in the United States, which was released later in the day, but i...
6 months ago
Outlook for GBP/USD on April 8. The pound feels great in a flat state
Analysis of GBP/USD 5M GBP/USD showed absolutely absurd movements on Friday. They were identical to those shown by the EUR/USD pair. Initially, on strong labor market and unemployment statistics from across the ocean, The dollar initially rose after stron...
6 months ago
Outlook for EUR/USD on April 8. The inconsistent market and Nonfarm data
Analysis of EUR/USD 5M EUR/USD tried to start a logical downward movement on Friday. Especially when the reports on Nonfarm Payrolls and unemployment in the US were published. Both reports turned out better than forecasts, which should have boosted the do...
6 months ago
Trading plan for GBP/USD on April 8. Simple tips for beginners
Analyzing Friday's trades:GBP/USD on 1H chart The GBP/USD pair also showed nothing but erratic movements on Friday. Once again, the dollar failed to rise when it clearly should have shown growth. This might seem strange for the EUR/USD pair, but this ofte...
6 months ago
Trading plan for EUR/USD on April 8. Simple tips for beginners
Analyzing Friday's trades:EUR/USD on 1H chart On the daily chart, the price is below the balance indicator line, and the Marlin oscillator has edged down after a short-term sideways movement. We expect the price to break below the support at 1.0796 and fu...
6 months ago
Overview of the EUR/USD pair on April 8, 2024
The EUR/USD currency pair attempted to resume its downward movement on Friday but failed to establish itself even below the moving average. All the necessary information was present, but the pair traded strangely and illogically throughout the past week....
6 months ago
Overview of the GBP/USD pair. April 8th. US inflation may present a new unpleasant surprise
The GBP/USD currency pair also showed illogical and unjustified movements on Friday. It may seem that the downward trend in the pound is still intact, but this is not the case. Just switch to the 24-hour timeframe, where a 4-month flat is clearly visible....
6 months ago
Trading plan for GBP/USD on April 9. Simple tips for beginners
Analyzing Monday's trades:GBP/USD on 1H chart The GBP/USD pair edged up on Monday, which doesn't mean anything significant for the technical picture. Take note that the main point is the flat on the 24-hour timeframe. Not long ago, the price reversed near...
6 months ago
Trading plan for EUR/USD on April 9. Simple tips for beginners
Analyzing Monday's trades:EUR/USD on 1H chart EUR/USD returned to its usual mode of movement amid low volatility. In general, if we regularly observe low volatility even on days when there is a strong fundamental background, then what can we possibly say...
6 months ago
Trading plan for EUR/USD on April 10. Simple tips for beginners
Analyzing Tuesday's trades:EUR/USD on 1H chart EUR/USD tried to continue its upward movement, although it had no substantial reason to do so (neither fundamental nor macroeconomic). Yesterday, there were absolutely no reports, news, or speeches. Volatilit...
6 months ago
Trading plan for GBP/USD on April 10. Simple tips for beginners
Analyzing Tuesday's trades:GBP/USD on 1H chart The GBP/USD pair continued its upward movement, which began last week after traders failed to break out of the 1.25-1.28 sideways channel. An ascending trend line was formed, and according to the laws of the...
6 months ago
Outlook for EUR/USD on April 11. The buyers waved a white flag
Analysis of EUR/USD 5M EUR/USD plummeted on Wednesday. The euro fell after the US inflation report showed that consumer prices picked up 0.1% more than anticipated. Some might say that such a small deviation from the forecast shouldn't provoke such a stro...
6 months ago