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....
I am currently monitoring the GBPAUD currency pair, patiently observing for it to reach a region that aligns with my trading preferences. Once it reaches this area, I will actively seek potential buying opportunities.
HP Inc - 30d expiry - We look to Buy at 28.36 (stop at 27.16) Price action has formed a bullish ascending triangle formation. The sequence for trading is higher highs and lows. Trend line support is located at 28.30. Previous resistance at 28.50 now becomes support. A lower correction is expected. We look to buy dips. Our profit targets will be 31.36 and...
Hello,Traders! AUD-NZD is headed up And the pair has been Growing for a while now So it is overbought now Thus, a bearish correction Is to be expected from The horizontal resistance Around the 1.1072 area Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders, we want to check the AUDCAD chart in the 4-hour time frame. The price is moving in a descending channel and has pulled back to the previous floor that was broken. We expect this level to play the role of a resistance level for us and the trend Keep the price down and cause the price to fall until the specified targets. Good luck. AUDCAD sell ...
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....
On BTCUSD, we have a bullish setup around 27,000, a price level that has bounced three times on a bearish trendline, touching a supply zone before starting the descent. Currently, the price is ranging within a bearish channel and it could drop to break it, bounce at the exit, and continue the descent towards the 22,000 area, where there is a validated demand zone...
Hello,Traders! EUR-AUD will soon hit A strong support level At around the 1.5889 area From where I think the Pair will make a rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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.
The price is currently in a bearish moment at the level of 4270, with a potential bounce zone around 4284, which corresponds to the 50% Fibonacci retracement level and a high-volume trading area. The objective of the short trade is to target 4220, where we have the 61% Fibonacci retracement level with high volumes and a demand zone for support before potentially...
CHN50 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected...
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.
NZDUSD - 24h expiry - We look to Buy a break of 0.6100 (stop at 0.6064) Previous support located at 0.6050. Previous resistance located at 0.6100. A bullish reverse Head and Shoulders is forming. A move through 0.6100 will confirm the bullish momentum. The RSI is trending higher. Our profit targets will be 0.6190 and 0.6215 Resistance: 0.6100 / 0.6150 /...
✅USOIL hit the strong horizontal Resistance level of 74.5$ and We are already seeing a bearish Reaction so I think that Oil will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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...