market players

Analysis of transactions and tips for trading EUR/USD The price test of 1.0719, coinciding with the significant rise of the MACD line from zero, limited the upward potential of the pair. Even so, market players continue to buy in anticipation of further interest rate hikes despite inflation in the eurozone starting to slow down. Clearly, market players do not expect any changes in the European Central Bank's monetary policy.     The empty economic calendar today will push traders to focus on upcoming US labor market data, as growth in unemployment and disappointing non-farm payrolls will convince the Fed to continue its tight approach to monetary policy. Only a pause in the rate hike cycle will weaken dollar demand and lead to a further rise in EUR/USD.     For long positions: Buy when euro hits 1.0780 (green line on the chart) and take profit at the price of 1.0816. Growth could occur. However, when buying, traders should make sure that the MACD line lies above zero or rises from it. Euro can also be bought after two consecutive price tests of 1.0754, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0780 and 1.0816.   For short positions: Sell when euro reaches 1.0754 (red line on the chart) and take profit at the price of 1.0722. Pressure may return amid very good labor market statistics in the US. However, when selling, traders should make sure that the MACD line lies below zero or drops down from it. Euro can also be sold after two consecutive price tests of 1.0780, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0754 and 1.0722.       What's on the chart: Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

Analysis of transactions and tips for trading GBP/USD he price test of 1.2480, coinciding with the significant rise of the MACD line from zero, limited the upward potential of the pair. Even so, market players continued to buy, ignoring weak manufacturing activity data in the UK.     The empty economic calendar today will convince traders to push GBP/USD higher, which could continue in the afternoon if the upcoming US labor market data show growth in the unemployment rate and a weaker increase in non-farm payrolls. Such a scenario will convince the Fed to continue its tight approach to monetary policy. Lately, the central bank expressed plans to pause its rate hike cycle. If this happens, dollar demand will decline, which will lead to a rise in the pair.   For long positions: Buy when pound hits 1.2544 (green line on the chart) and take profit at the price of 1.2592 (thicker green line on the chart). Growth could occur. However, when buying, traders should make sure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2517, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2544 and 1.2592.   For short positions: Sell when pound reaches 1.2517 (red line on the chart) and take profit at the price of 1.2477. Pressure could continue amid very strong labor market data from the US. However, when selling, traders should make sure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2544, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2517 and 1.2477.       What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

The metaverse, a virtual realm that blends the digital and physical worlds, has been a topic of growing interest in recent years. However, data from DappRadar reveals a notable shift in investment patterns. In the first half of 2023, investments in the metaverse accounted for just 10% of the figures recorded during the corresponding period of the previous year. This begs the question: What lies ahead for metaverse technology? Andrey Goilov, an analyst at RoboForex, sheds light on the current market dynamics surrounding metaverse investments. He highlights that the surge in interest in metaverses occurred during a relatively calm period in the economy. However, with the global economy facing the threat of a recession, investors are understandably focused on mitigating risks and ensuring the stability of their portfolios. The uncertainty surrounding the recession has made it challenging for investors to divert their attention and capital towards intangible assets such as metaverses.   FXMAG.COM: Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?   Andrey Goilov, analyst at RoboForex: A surge in interest in the development of metaverses happened during a relatively calm period in the economy. This year, investors are fully focused on the recession and its probabilities. It is difficult to invest in something that you cannot touch when your normal world is on the verge of serious trouble.At the same time, an inflow of money to metaverses remains, though not as lavish as previously. Market participants think that as soon as the situation stabilises, the demand will return.The future of metaverses fully depends on how the US and European economies will beat the threat of a recession. If the economic slump lasts for six to twelve more months, the interest of market players might increase.   Visit RoboForex

No price test occurred in EUR/USD this morning due to low volatility and empty macroeconomic calendar. But ahead lies the latest consumer price index in the US, which will likely force many market players to review their positions on risky assets. Demand for euro may drop, which could lead to a decline in the pair.   There will be an increase only when inflation drops more than expected. Markets will also pay attention to the speeches of FOMC members Neel Kashkari and Raphael Bostic. For long positions: Buy when euro hits 1.1036 (green line on the chart) and take profit at the price of 1.1075. Growth will occur amid weak US inflation.   However, when buying, traders should make sure that the MACD line lies above zero or rises from it. Euro can also be bought after two consecutive price tests of 1.1017, but the MACD line should be in the oversold area as only by that will the market reverse to 1.1036 and 1.1075. For short positions: Sell when euro reaches 1.1017 (red line on the chart) and take profit at the price of 1.0981. Pressure will increase in the case of another jump in US inflation. However, when selling, traders should make sure that the MACD line lies below zero or drops down from it. Euro can also be sold after two consecutive price tests of 1.1036, but the MACD line should be in the overbought area as only by that will the market reverse to 1.1017 and 1.0981.       What's on the chart: Thin green line - entry price at which you can buy EUR/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell EUR/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market       Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

The test of 1.2942, coinciding with the decline of the MACD line from zero, prompted a sell signal that led to a price decrease of around 20 pips. The latest CPI data in the US lies ahead, and this will likely cause market players to review their positions on risky assets. Demand for pound may drop, which could lead to a decline in GBP/USD. There will be an increase only when inflation drops more than expected. Markets will also pay attention to the speeches of FOMC members Neel Kashkari and Raphael Bostic.   For long positions: Buy when pound hits 1.2946 (green line on the chart) and take profit at the price of 1.3014 (thicker green line on the chart). Further growth will be seen in the case of weak US inflation data. However, when buying, make sure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2895, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2946 and 1.3014.     For short positions: Sell when pound reaches 1.2895 (red line on the chart) and take profit at the price of 1.2844. Pressure will increase in the event of further growth in US inflation. However, when selling, make sure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2946, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2895 and 1.2844.         What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market     Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.  

Buyer liquidity began to accumulate behind the very important extreme for buyers in EUR/USD located at 1.08340.   In fact, on the M15 timeframe, a breakdown occurred around the level of 1.09.   Market players can take this opportunity to open short positions at the test of 1.0930, with stop-loss placed at 1.09200 and take-profit set upon the breakdown of 1.08350. The trading idea came from the framework of the "Price Action" and "Stop Hunting" strategies. Good luck in trading and don't forget to control the risks! Have a nice day.  

AUD/USD showed signs of a slowdown after breaking through the June high.     Market players can start looking for long positions even at the current prices, accumulating small volumes according to this trajectory:     Considering the three-wave pattern (ABC), where wave A represents the upward movement on Thursday, traders could buy at current prices, with stop-loss at 0.63800 and take-profit at the breakdown of 0.69000. The trading idea came from the framework of the "Price Action" and "Stop Hunting" strategies. Good luck in trading and don't forget to control the risks! Have a nice day