Hello traders, we want to check the GBPAUD chart. The price is moving in a descending channel and has pulled back to the specified key level. We expect this level to play the role of a resistance level for us and cause the price to fall. If the price falls, we expect it to fall around the price of 1.88600. Good luck.
USDCHF - Intraday Broken out of the channel formation to the upside. Short term momentum is bullish. A break of yesterdays high would confirm bullish momentum. We are trading at oversold extremes. Trades at the lowest level in 105-months. We look to Buy a break of 0.8686 (stop at 0.8650) Our profit targets will be 0.8776 and 0.8796 Resistance: 0.8684 /...
On CHF/JPY, we have a bearish setup with the price breaking through a Forex48 block at the level of 161.88. That will be the point of interest to consider a short position if the market provides a double confirmation at M15 timeframe. The target will be 160.90. Let me know your thoughts. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
✅EUR_USD is making a bearish Correction towards the horizontal Support level of 1.1040 and after The retest I think that the pair Will start growing again LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! DXY has made a nice Bullish correction from The lows, however it Looks overbought at The moment so as the Price is approaching the Horizontal resistance level Of 101.000 we will be Expecting a local pullback To the downside Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
On EURCAD, we have a bearish setup. The price, following today's news and the tight monetary policy in the Eurozone, has reached a Forex48 Block, which is a zone around 1.4690, where we could look for a short trade entry point. Furthermore, if it continues to decline, we have another entry point at the level of 1.4570, where the price could potentially change...
USDCHF - 24h expiry We are trading at oversold extremes. The primary trend remains bearish. Trades at the highest level in 105 months. Trading within a Bearish Channel formation. Trend line resistance is located at 0.8607. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.8607 (stop at 0.8639) Our profit...
Hello traders, we want to check the EURJPY chart. The price is moving in an ascending channel and has pulled back to the specified key level. We expect this level to play the role of a support level for us and maintain the upward trend of the price. If the price increases, we expect the price to increase to around 157,900. Good luck.
Hello,Traders! ETHEREUM is trading in What looks like a bearish Flag pattern, however, The coin is currently Retesting the rising support So a local bullish rebound Is quite likely Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GU is currently at a significant level. This region is favourable for short positions. I anticipate 0.38/0.50% fib level of retracement to be swept. This also aligns with daily FVG. This is not financial advice. Do your own due diligence. Longs are then to be expected as COT increases in long positions.
On EURUSD, we have a bearish setup that is approaching the 1.1150 area, where a price reversal could occur as we have a FVG (Failed Vertical Gains). However, the price could retrace first to the 1.1217 area, where we have a Forex48 block, indicating a potential zone for a short entry. In both situations, we need the appropriate confirmation before entering the...
Hello traders, we want to check the EURCAD chart. The price is moving in an ascending channel and has pulled back to the specified key level. We expect this level to play the role of a support level for us and cause the price to grow to around 1.49000 Good luck.
On USDCAD, we have a neutral - bearish setup today. The price has been bouncing off a support level for hours. At the moment, however, it has not yet confirmed a long entry. Therefore, there are two hypothetical scenarios. The market provides confirmation on M15 and H1 at the level of 1.3170 after the US data, or the price drops below the support level towards...
On NZDCAD, we have a bearish setup where the price has reached the 0.8245 zone, where we have a Fibonacci Voltage Gauge (FVG), indicating a potential price reaction zone that could lead us to enter a long position with a target of 0.8363. Moreover, the target itself exhibits the same characteristics as the previously mentioned zone, as we have an excellent FVG for...
We have a potential trade on GBPAUD. The market has an uptrend after the NZD CPI, and I anticipate a retracement during the London session following the momentum of the Asian session, with price returning to the 1.9140 zone where we have a Fibonacci confluence. We should wait for proper confirmation on the H1 and M15 timeframes while managing the risk. Greetings...
In GBPUSD, we have a bearish setup with the price reaching the 1.3018 area, where we have a Forex48 block, which is a highly sensitive point for a price reversal and therefore an opportunity for a long entry. Additionally, we have an FVG (Fractal Vertical Gap) that, if confirmed on the M15+H1 timeframe, would provide an opportunity to enter long. In the first...
✅EUR_AUD price went up sharply But a strong resistance level of 1.6594 was hit Thus, as a pullback is already happening And a move down towards the target of 1.6443 shall follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GOLD went up to retest The horizontal resistance Level of 1986$ just as I predicted in my previous Analysis but now I am Expecting a local pullback From the resistance Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!