BTC analysis for May 14,.2021 - Downside continuation in the play
BTC analysis for May 14,.2021 - Downside continuation in the play
Watch for selling opportunities...
Forex Analysis & Reviews
Analysis of EUR/USD on May 14, 2021. Markets await US retail sales data
The wave counting on the 4-hour chart is still clear and does not require any additions. Looking at the supposed wave 1 as part of the new upward trend section, it becomes clear that the third wave or c is also likely to turn out to be quite extended.
EUR/USD analysis for May 14 2021 - Completion of the ABC upside correction and potential drop towards 1.2055
Watch for selling opportunities...
USD/CAD Upside Reversal Needs Confirmation!
USD/CAD managed to jump above the downtrend line signaling a new upwards movement!
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US stocks rallied amid strong labor market reports
The US stock market, as a whole, rallied yesterday, thanks to strong reports on the US labor market. The better-than-expected figures helped ease concerns about rising price pressures.
Trading plan for Bitcoin for May 14, 2021
Bitcoin might still have one more leg lower from here $50,000-51,000 zone towards the $41,000-43,000 mark before finding support and turning bullish again. Please note that Fibonacci extensions are also pointing towards $41,200 and $37,000
Indicator analysis. Daily review for the GBP/USD pair on May 14, 2021
Yesterday, the pound/dollar did not decide on its direction. Moving down, the price tested the 8 EMA - 1.4017 (blue thin line), and then the market went up. The price closed the daily candlestick at 1.4046. Today, important news is expected at 12.30 UTC (dollar).
Technical Analysis of GBP/USD for May 14, 2021
Pound retraces 38% of the last wave down
Fractal analysis of major currency pairs on May 14, 2021
The EUR/USD pair is expected to continue its movement after the level of 1.2138 is broken. The key support level is 1.2033. The GBP/USD pair is expected to further rise after breaking through the level of 1.4098. The key support level is 1.4003.
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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.
