EURAUD SHORT TRADE RR 1:5.5n EURAUD, we have a bullish setup that has brought the price to the 1.6440 area, where we have a strong supply zone that has already been validated and where the price has formed a bearish setup. The trade objective is a short position with a target at 1.625.
Let me know what you think.
Happy trading, everyone.
Service
XAUUSD TO THE 1880n XAUUSD, we have a market that is declining after reaching today's highs at 1985. The price is descending towards the 1960 demand zone where the price could potentially change direction and return to 2015. However, tonight the FOMC data will be released, which could push gold downward, breaking the 1960 zone and taking it down to 1885, where we have a significant low.
Let me know what you think.
Happy trading to all.
NZDUSD LONG TRADE RR 1:2On the NZDUSD currency pair, we are observing a bullish setup, where the price has attempted to recover by bouncing around the 0.6240 area, where a demand zone is located. In that zone, the market has shown a bullish setup, creating a point of interest (POI). Following the Forex48 strategy, I have opened a trade with a risk-to-reward ratio of 1:2.
I would like to know your thoughts.
Happy trading to everyone!
USDJPY Long Trade RR 1:3.5On USDJPY, we have a currently bullish setup, a market that has just broken the highs at 138.60 and has formed a Point of Interest (POI) within a demand zone with spike convalidation. Following the Forex48 strategy, I have set a long trade with highlighted targets.
Let me know your thoughts.
Happy trading to everyone.
CADJPY SHORT STRUCTURE H1 - RR 1:1.5On CADJPY, we have a price that, after a bounce around 102.70, has returned to the level of 102 where we have a relatively insignificant demand zone. Coming down from a supply zone, the price has formed an interesting Point of Interest (POI) with spike convalidation, meaning it has formed a bearish setup with an entry at 102.54 level.
Let me know what you think.
Happy trading, everyone.
Forex48 trading Academy
EURUSD Waiting for NFP In the EUR/USD exchange rate, we are seeing a very weak euro following the ECB's interest rate hike. My scenario is to wait for the dollar to push the exchange rate up to the 1.0950 zone, which could happen tomorrow when the NFP data is released. In that area, I have identified a really interesting entry point to restart the long euro position. Let's not forget that the American system could default between June and July due to the debt ceiling if it is not increased.
Let me know your thoughts.
Good trading to everyone.
Forex48 Trading Academy
JNJ Johnson & Johnson Options Ahead of EarningsAnalyzing the options chain of JNJ Johnson & Johnson prior to the earnings report this week, I would consider purchasing
at the money Calls with a 165usd strike price and an expiration date of 2023-4-21, for a premium of approximately $2.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
MANA Decentraland Price PredictionIf you haven`t sold the huge Head and Shoulders Bearish chart pattern:
Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.
In this context, price target for MANA Decentraland is $0.62.
Looking forward to read your opinion about it.
EURCHF SHORTOriginal Analysis #EURCHF
Channel Up has broken through the support line at 25-Apr-16:00 2022 GMT. Possible bearish price movement forecast for the next 3 days towards 1.02043.
Support Levels
1.0167
Resistance Levels
1.0371
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
GBPCAD LONG✅TP - green lines
❌SL - red line
EP - start of yellow bars
Original Analysis
Channel Down identified at 22-Apr-12:00 2022 GMT. This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 1.6419 within the next couple of days.
My last analysis was right (2/3 TP hit)
Support Levels
1.6273
Resistance Levels
1.6419
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
CHFJPY SHORTOriginal Analysis
Channel Up has broken through the support line at 22-Apr-2022 GMT. Possible bearish price movement forecast for the next 2 days towards support level 132.359
Support Levels
132.359
Resistance Levels
134.356
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
CADCHF SHORT✅TP - green lines
❌SL - red line
EP -start of yellow line
Original Analysis CADCHF
Channel Up has broken through the support line at 22-Apr-12:00 2022 GMT. Possible bearish price movement forecast for the next 2 days towards 0.74907.
Support Levels
0.7472
Resistance Levels
0.7618
This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.