Success history of the team headed by Ales Loprais can become your success history! Trade confidently and head towards leadership like regular participant of Dakar Rally and winner of Silk Way Rally InstaForex Loprais Team does it!
Join in and win with InstaForex!
The EUR/USD pair exhibited significant volatility on Wednesday. Initially, the price remained stagnant as traders awaited the release of the US inflation report. Following the report, there was a sharp rise in the exchange rate, despite the inflation data not being decisively negative for the dollar. However, within an hour, the euro dropped steeply again. This recent movement suggests that the market has undergone another corrective phase, which may have concluded yesterday.
It is important to note that a downtrend has persisted for the past three and a half months, and a broader downtrend has been in effect for the last 16 years. Therefore, it is reasonable to expect further declines in the pair. Regarding the inflation report, while interpretations may differ, we believe the key takeaway is that the Consumer Price Index has risen for the third consecutive month. This trend raises doubts about the anticipated two rate cuts by the Federal Reserve in 2025, thereby reinforcing the dollar's growth potential.
On the 5-minute timeframe, two clear trading signals emerged on Wednesday. Initially, the pair rebounded from the 1.0334–1.0359 range and then dropped to the 1.0269–1.0277 range. In both instances, a rebound occurred, creating a trading signal. Novice traders could have first opened a short position and subsequently a long one, with both trades resulting in profits. In fact, the long position could even be carried over into Thursday.
On the hourly timeframe, the EUR/USD pair remains in a downtrend. We believe the decline of the euro has resumed in the medium term, with little distance left to reach parity. As observed previously, the euro is likely to fall further, supported by fundamental and macroeconomic factors that favor the US dollar.
Movements in the pair on Thursday may be relatively muted due to a weak macroeconomic backdrop, meaning that technical signals will play a more significant role in trading decisions.
On the 5-minute timeframe, we should consider the following levels: 1.0156, 1.0221, 1.0269–1.0277, 1.0334–1.0359, 1.0433–1.0451, 1.0526, 1.0596, 1.0678, 1.0726–1.0733, 1.0797–1.0804, and 1.0845–1.0851. In the Eurozone, only the second estimate of December inflation in Germany will be released on Thursday, and no surprises are expected. In the US, the most critical report will be on retail sales, but it is unlikely to trigger a significant market reaction.
Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.
Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.
MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.
Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.
Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.
You have already liked this post today
*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
In my morning forecast, I focused on the 1.2429 level and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened
In my morning forecast, I highlighted the 1.0415 level and planned to make trading decisions around it. Let's review the 5-minute chart to see what happened. A decline occurred
Analysis of Monday's Trades 1H Chart of EUR/USD On Monday, the EUR/USD currency pair exhibited mixed movements. Initially, the price dropped before rising again, only to experience a more significant
Analysis of Monday's Trades 1H Chart of GBP/USD On Monday, the GBP/USD pair exhibited mixed movements due to a lack of macroeconomic background and fundamental economic data. The British pound
On Monday, the GBP/USD pair exhibited upward movement, even though there were no significant events scheduled in either the UK or the US. During a technical correction, the market often
On Monday, the EUR/USD pair experienced a slight correction before resuming its upward movement. The only scheduled event for the day was a speech by Christine Lagarde. Although she spoke
In my morning forecast, I focused on the 1.2420 level and planned to make trading decisions from there. Let's take a look at the 5-minute chart and analyze what happened
In my morning forecast, I focused on the 1.0450 level as a key area for making entry decisions. Reviewing the 5-minute chart, the price declined but fell short of testing
On Friday, the GBP/USD currency pair showed a strong upward movement. Most of the observations made in the EUR/USD analysis can also be applied to GBP/USD. While the euro
The EUR/USD currency pair experienced significant growth on Friday. In our fundamental articles, we provided a detailed explanation for this current trend. A few weeks ago, we predicted a correction
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.