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May 17, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

15:48 2021-05-17 UTC--4 Relevance up to 15:00 2021-05-18 UTC--4

Author: Mohamed Samy

Popular analytics

Overview of the EUR/USD pair. May 17. How much can the dollar fall in 2021?

21:22 2021-05-16 UTC--4

EUR/USD: plan for the European session on May 17. COT reports. Bulls aim for resistance at 1.2149 and update monthly high

02:32 2021-05-17 UTC--4

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on May 17

02:24 2021-05-17 UTC--4

Overview of the GBP/USD pair. May 17. Is there a real chance of Scotland holding a referendum?

21:22 2021-05-16 UTC--4

GBP/USD. 1.4150 and higher: the pound has not realized its full potential

12:42 2021-05-17 UTC--4

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Hot topic: Coronavirus (COVID-19)

Technical analysis Relevance up to 15:00 2021-05-18 UTC--4

May 17, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

Further bullish advancement was anticipated towards 1.4100 then 1.4150 where the lower limit of the recently-broken channel applied significant bearish pressure. On the other hand, Failure to maintain bearish pressure below 1.3400 is enhancing another bullish movement for retesting of the price.

Technical analysis Relevance up to 15:00 2021-05-18 UTC--4

May 17, 2021 : EUR/USD Intraday technical analysis and trade recommendations.

Currently, the short term outlook for the EURUSD pair remains bearish. Bullish trades are quite risky. That's why, we should be waiting for signs of bearish rejection like what happened earlier last week.

Technical analysis Relevance up to 15:00 2021-05-18 UTC--4

May 17, 2021 : EUR/USD daily technical review and trade recommendations.

Currently, any upside movement towards 1.2175 should be watched for bearish rejection and a possible valid SELL Entry. If so, another downside movement towards 1.2070 should be anticipated. Further downside movement would be projected towards 1.1990.

Fundamental analysis Relevance up to 11:00 2021-05-18 UTC--4

GBP/USD. 1.4150 and higher: the pound has not realized its full potential

The pound, paired with the dollar, continues to besiege the 41st figure. Last week, buyers of GBP/USD tested this price level, but could not gain a foothold above the level of 1.4100. Nevertheless, the pound sterling retains the potential for further growth in the medium term – at least to the.

Crypto-currencies Relevance up to 09:00 2021-05-18 UTC--4

ETH falls into correction, ADA sets new all-time record: altcoin market forecast

The weekend turned out to be quite controversial for the altcoin market. On Saturday, the indicators of the main cryptocurrencies were actively growing, but the sudden collapse of bitcoin quotes did not leave the coins a chance. As a result, on May 17, the cryptocurrency market shrank by 8%, and.

Crypto-currencies Relevance up to 09:00 2021-05-18 UTC--4

Square announces $20M loss on Bitcoin investments

While bitcoin continues its decline for more than a month, more and more players are changing their position from plus to minus. For example, Square, which previously invested $220 million in the purchase of "digital gold", said that it no longer plans to buy bitcoin.

Wave analysis Relevance up to 08:00 2021-05-20 UTC--4

Wave analysis of EUR/USD on May 17, 2021

Analysis of the situation from the point of view of the classic Elliott wave analysis for the EUR/USD currency pair.

Relevance up to 08:00 UTC--4

EUR/USD and GBP/USD. Fear, expectations, and uncertainty shrouds the US dollar

Based on the recently released data on inflation in the United States, the situation in the West is uncertain. The acceleration of inflation to 4.2% suggests that the target level of the Federal Reserve System (Fed) has been exceeded by half, and whether this will become a short or medium-term.

Technical analysis Relevance up to 10:00 2021-05-18 UTC--4

GOLD Trading Plan for 17 May, 2021

The only critical trend line that matters in gold right now

Technical analysis Relevance up to 10:00 2021-05-18 UTC--4

EUR/USD Hot Forecast for 17 May, 2021

EUR/USD now targets the 1.2180 region

News Relevance up to 07:00 2021-05-18 UTC--4

BTC dropped to February low: why cryptocurrency prices continue to fall

The main cryptocurrency had all the prerequisites to successfully test the $60,000 mark over the weekend, but instead, the asset began to rapidly decline in price. Bitcoin dropped to $42,000 for the first time since February 2021.

Technical analysis Relevance up to 10:00 2021-05-19 UTC--4

Trading Signal for Gold XUA/USD, for May 17 - 18, 2021: Key level 1850

The technical reading of the eagle indicator shows that XAU/USD is reaching extreme overbought levels, and a bearish movement is likely in the next few hours as part of the technical correction.

Crypto-currencies Relevance up to 06:00 2021-05-20 UTC--4

BITCOIN: Technical analysis of the current situation

The bearish traders, who outlined the preconditions for the decline in April, are busy with the implementation of the downward movement in May. Last week was productive for the bears.

Technical analysis Relevance up to 09:00 2021-05-18 UTC--4

Short-term analysis on EURUSD for May 17, 2021.

EURUSD has started the week on a slight positive note just above Friday's close. The volatility in the market is low but we expect it to rise during the week. EURUSD has already provided us with a bearish warning by the RSI. The bearish divergence in the Daily chart is not to be taken lightly.

Technical analysis Relevance up to 09:00 2021-05-18 UTC--4

Short-term analysis on Gold for May 17, 2021.

Gold price made a higher high today at $1,854.90. Trend remains bullish as price is still inside the bullish short-term channel and price continues making higher highs and higher lows. Gold price is making new highs but the RSI is not following. We have a bearish divergence warning signal.

Trend line Relevance up to 09:00 2021-05-18 UTC--4

Expecting EURJPY to start a reversal soon.

EURJPY is trading around 132 level inside an upward sloping wedge pattern. As we mentioned in a previous post, the RSI has provided us with a bearish divergence warning. I expect prices to roll over towards 131 at least during the coming days.

Trading plan Relevance up to 08:00 2021-05-18 UTC--4

GBP/USD: plan for the US session on May 17 (analysis of morning trades)

In my morning forecast, I paid attention to the level of 1.4108 and advised him to make a decision on entering the market. Let's take a look at the 5-minute chart and talk about what happened

Trading plan Relevance up to 08:00 2021-05-18 UTC--4

EUR/USD: plan for the US session on May 17 (analysis of morning trades)

The data on inflation in Italy coincided with the forecasts of economists. Thus, the buyers of the euro had no choice but to try to break through the resistance of 1.2149 with their own strength

Technical analysis Video analytics Relevance up to 09:00 2021-05-18 UTC--4

Forex forecast 05/17/2021 on AUD/USD, NZD/USD and Gold from Sebastian Seliga

Technical analysis of AUD/USD, NZD/USD and Gold

News Relevance up to 09:00 2021-05-18 UTC--4

GBP to hit new targets. EUR may drop ahead of new rally.

Market participants have come to a conclusion that the US dollar is unable to reach new highs. If the downward dynamic continues, the US dollar may drop to the new lows of 90.00-89.90. The macroeconomic data of this week may raise the volatility of both the euro and the pound sterling.

Crypto-currencies Relevance up to 09:00 2021-05-18 UTC--4

XRP shows more signs of strength.

Despite the negative sentiment among most cryptocurrencies at the start of the week, XPR is showing signs of strength as price respects support and moves higher towards recent highs. XRP/USD has been differentiated from Bitcoin that is showing major topping signs.

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We present to you the daily updated section of market analysis prepared by professional analysts of InstaForex Company. Each of the specialists represented in this section, carries out analytical reviews in accordance with his/her vision of the current situation on foreign exchange and other markets. However, the outlooks below are only recommendations and not instructions to any actions; they contain analysis of the current situation on the currency market. In some cases the analysts' opinions to changes in the current market situation can differ, in this way, we recommend you to follow the publications of only one analyst, who in your view most clearly and correctly evaluates the situation on the international Forex market.