Analysis of GBP/USD on May 11, 2021. Boris Johnson under investigation over Caribbean holiday
Analysis of GBP/USD on May 11, 2021. Boris Johnson under investigation over Caribbean holiday
For the Pound/Dollar instrument, such movements continue, which are very difficult to attribute to any particular wave structure.
Forex Analysis & Reviews
EUR/USD and GBP/USD: Euro and pound froze in anticipation of serious reports on US inflation and UK GDP
The euro returned to its local highs, while the pound sterling never managed to break higher. The pressure on traders comes from tomorrow's US inflation data, as the reaction and final values may surprise the markets, as it did with the US unemployment rate report last week.
May 11, 2021 : EUR/USD Intraday technical analysis and trade recommendations.
Bearish breakout below 1.1970 was needed to enable more bearish decline initially towards 1.1925.
However, the EURUSD achieved a recent bullish breakout above 1.2130 towards 1.2155 which applied some bearish rejection.
May 11, 2021 : GBP/USD Intraday technical analysis and trade recommendations.
The GBPUSD was trapped between the depicted two price levels ( 1.3880 and 1.3950 ) until bullish breakout occurred earlier Yesterday.
Further bullish advancement was anticipated towards 1.4100 then 1.4150 where the lower limit of the recently-broken channel is currently located.
Analytics and trading signals for beginners. How to trade EUR/USD on May 12? Analysis of Tuesday. Getting ready for Wednesday
The bulls managed to get the pair back on the upside, but failed to surpass the important level of 1.2174.
May 11, 2021 : EUR/USD daily technical review and trade recommendations.
An upside pullback was expected to pursue towards 1.1840 & 1.1990. Both levels failed to provide sufficient bearish pressure.
More upside movement was expected to pursue towards 1.2175 (backside of the broken trendline) where initial bearish price action was demonstrated.
Ethereum: fundamental factors of the strength of the second cryptocurrency
Ethereum renewed its all-time high again, rising above $4,000 at the moment. Meanwhile, bitcoin is in its consolidation range, and the technical benchmarks have not undergone major changes.
Email Subscription
Do you want to receive Forex analytics newsletter to your email?
Subscribe to analytics newsletter and get fresh daily reviews prepared by InstaForex professional analysts. You can choose which type of analysis and from what analysts you wish to recieve to your email address daily. Be on top of the Forex market events with InstaForex!
ETH hits new record, LTC and XRP continue to fluctuate: analysis and forecast for major altcoin pairs
A redistribution of responsibilities and authorities is observed in the cryptocurrency market recently. In the second quarter of 2021, altcoins took the first positions, which historically are much better than bitcoin during this period.
Trading Signal for Dow Jones 30 #INDU for May 11 - 12, 2021: Sell Below 34,600
From a technical point of view, the Dow Jones is expected to continue its decline to the 33,000 mark and then halt. Since the eagle indicator points to a bearish signal in the medium term...
Technical analysis on Gold for May 11, 2021.
Gold price is trading inside a short-term bullish channel after the major low at $1,677 and inside a longer-term bearish channel since August of 2020. Price is approaching the upper bearish channel boundary as it continues to respect the bullish channel boundaries.
Short-term analysis on EURUSD for May 11, 2021
EURUSD is trading near its highs of 1.2170. Short-term trend remains bullish as price has not broken yet any of the pull back lows along the way. Support is at 1.2110 and next at 1.2060. EURUSD is vulnerable to a pull back as price has reached three times already the 1.2170 resistance area and all.
Short-term technical analysis on USDJPY for May 11, 2021.
USDJPY is trading just above 108.50. Price is about to break out and below the major support trend line. In previous analysis we warned traders of a possible reversal to the downside from 109.50 area. Price has reversed since then and a break below 108.50 would increase the chances of the bearish.
XRP/USD remains under pressure, vulnerable to more downside.
XRP/USD price made another dive yesterday towards $1.30 after getting rejected once again at the major resistance area of $1.55-$1.65. Short-term trend is vulnerable to a move towards $1.18-$1 as long as price is below $1.65.
Trading Signal for GBP/USD for May 11 - 12, 2021: Sell Below 1.4160
The technical reading of the eagle indicator shows that the pair is in the overbought zone. As it reached the sell level when it touched 95, it is likely that there will be a downward correction movement to...
Bitcoin medium-term analysis and expectations
So far Bitcoin price action has not been much different from our expectations. At the end of April we warned bears that a bounce was coming in Bitcoin prices and we should expect a move towards $57,000 and the 61.8% Fibonacci retracement of the decline.
Bitcoin volume analysis for May 11, 2021
Bitcoin daily forecast based on volume and technical analysis with statistics and trades
Prikaži više
Predstavljamo Vam svakodnevno ažuriranu sekciju analiza, koja se sprovodi od strane profesionalnih analitičara kompanije InstaForex. Svaki od stručnjaka koji su predstavljeni u ovom odeljku, vrši analitička istraživanja u skladu sa svojom vizijom trenutne situacije na međunarodnom Forex tržištu. Međutim, sve predstavljeno u opisu nije direktna preporuka ili razlog za akciju, jer ona sadrži isključivo analizu trenutne situacije na valutnom tržištu. U određenim slučajevima mišljenja analitičara o promenama trenutne tržišne situacije se mogu razlikovati, ovim putem, preporučujemo Vam da pratite publikacije samo jednog analitičara, koji je po Vašem mišljenju najjasniji i pravilno ocenjuje situaciju na međunarodnom Forex tržištu.
