On EURAUD, we notice a price consolidating around 1.592 within a demand zone. The price is consolidating after breaking a bearish trendline. In this area, many buying orders are accumulating, suggesting a potential increase in the stock price up to 1.62, where we have an interesting supply zone. I don't exclude a rise towards the 1.64 area. Share your...
On gold, we have a price that, after reaching the 1965 zone within a supply zone, reversed its course due to the significant volume present in the area. Now, the price has started to decline, and a target is expected around the 1946 zone, where there is a high concentration of orders and a demand zone at the 1943 level. Therefore, currently, we have a profitable...
On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48...
On AUDCAD, we have a bullish setup with the price, after yesterday's rally, stalling around the 0.891 area where we have a strong volume concentration. This is a potential reversal zone where the price could reverse course and reabsorb the liquidity left in the market. In fact, we can observe a significant cluster of trades at the 88.90 level. That level will be...
On AUDNZD, we have a price around 1.101 within an H1 supply zone. It's an area where the majority of trading volumes have occurred for the past two days. The expectation is to go short, with the price potentially dropping to 1.09, where we can observe further order intensity. Share your expectation. Happy trading to everyone from Nicola, the CEO of Forex48...
On EURNZD this morning, the price made a third bounce around 1.7710 within an imbalance zone and near a downward trendline. The forecast now is to see the price around 1.7571. This is also considering the data released this morning on the Eurozone's GDP. Share your expectation. Happy trading to all from Nicola, CEO of Forex48 Trading Academy.
On EURAUD, the price has bounced three times on a downward trendline, effectively validating it, and it is now approaching the 1.5950 area where we have a demand zone. Let me know your expectation. Happy trading to all. Nicola, CEO of Forex48 Trading Academy.
On NZDUSD, we have a bearish setup around 0.6048, with the price touching a trendline three times. Currently, the price is within an imbalance zone after yesterday's strengthening of the dollar. The expectation is to wait for the price to reach 0.5970 for the potential creation of a long pattern, with the AUD recovering all the lost liquidity in recent days....
On EURUSD, a bearish trend can be observed, with the price retracing to the 50% Fibonacci level and then bouncing three times on a downtrend line, indicating clear short signals. Currently, the price is situated between a supply and a demand zone at the 1.0675 level, with volumes favoring sellers. Therefore, the objective is a short trade with a target of 1.055....
$NQ_F Nasdaq Futures Weekly chart going back a decade. The Nasdaq Futures have reached the upside objective for the cycle (earlier than expected). If there is a correction from these levels (no sign of that yet, and no need to guess), I intend to look for buying opportunities at the Gray Zone if offered in June - September, for a move back up the range.
On CHFJPY, we have a bearish setup where the price has broken a descending triangle and rebounded three times on a downward trendline. Currently, the price is at 153.80, which is between the 50% and 70% Fibonacci levels, making it a premium zone to enter a short trade with a target at 153, where we have a very strong demand zone. Let me know your thoughts on...
On GBPJPY, we have a bearish setup with the price forming a downward trendline and confirming it with two H1 candles below today's most active trading zone. Sell orders are increasing and pushing the price towards the 172.41 area, where we have an H1 demand zone. Let me know what happens. Happy trading to everyone.
On gold, we have a bullish setup following today's negative news on the US manufacturing sector. The price could pull back to around 1940 before returning to the 1980 area. Let me know your thoughts. Happy trading to everyone.
On AUDJPY, I anticipate an upward movement towards the 92.80 area tomorrow morning after the interest rate decision in Australia, which would create a bearish setup to reclaim all the liquidity left in the market due to the news. Therefore, the trade objective is to enter a short position around 92.85 with a target set at 90.70. Let me know your thoughts. Happy...
On USDCAD, we have a bullish setup with the price forming a bullish triangle pattern. The objective is to wait for the price to confirm the pattern with two H1 candles above the daily volumes and for the price to break out and then bounce off the bullish triangle. Therefore, a possible setup involves entering the market around the 1.3445 area, with a target set at...
On GBPUSD, after a trade executed on Friday following the NFP release, which resulted in a 9% gain, we are currently experiencing a completely bearish market, approaching the 1.2350 area where a demand zone is located, along with numerous buying orders. Therefore, I expect a bullish pattern to emerge in that area, leading to a recovery of all the liquidity left in...
EURAUD is currently located in the 1.62 area, where we have a strong demand zone that has temporarily halted its downward movement. We will see if the price manages to reverse here and move upwards, creating a long setup with a potential take profit target around the 1.64 area, where we have significant volumes. All of this aligns with the Forex48 strategy. Let...
On gold, we have a bullish setup. The price is near a supply zone and has just come out of a demand zone with high volumes. Everything will depend on today's NFP data. The objective is a bounce in the 1979 area with a target of 2010, or a retracement towards the 1940 area. Let me know what you think. Happy trading to everyone.