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Supplydemandanalytics

EURAUD Buy at 1.6362 (has been trading in a bullish trend since) Setup: The EURAUD is trading in a bullish trend and has recently broken out above the 1.6362 resistance level. Entry: Buy at 1.6362 with a stop loss below 1.6316. Target: 1.6450 and beyond. This trade is based on the following technical analysis: The 1.6362 resistance level was a key level of resistance, and the break above this level is a bullish signal. The RSI indicator is in the overbought zone, which suggests that the trend may be nearing exhaustion. The MACD indicator is bullish, which also supports the bullish trend. The risk to reward ratio for this trade is favorable. The stop loss is relatively small, and the potential profit is significant. However, it is important to remember that no trade is guaranteed, and there is always a risk of loss.
Long
by hannyfx20
GOLD speculation, what to expect!Making a top down analysis from higher TF, starting from weekly, looking at the ascending trend line, gold is in uptrend, after weeks of correction that broke the trend line into the strong demand zone, moving to daily TF and seeing a reversal candle stick star pattern on the strong demand zone it could be the end of the corrective move. on 4H TF price is in range between two opposing zone , if the supply is out as in 1937.63 loll there will be a possible rise to next supply zone as in 1967.72 level.
FOREXCOM:XAUUSDLong
by ExtraOrdy
Is UADUSD turning down?UADUSD rose over 6% since the end of May. Can it go higher? Analysis on the 2H chart suggests that it cannot. It is presently deep in the resistance/demand zone as delineated by the luxalgo indicator. A long mult-session volume profile shows the high volume area fairly s symmetrical about a POC line which roughly corresponds to a 50% Fibonacci retracement of the uptrend which occurred from May 31st to June 16th. On the MACD the lines have crossed and are trending down. I can easily conclude that the pair is likely to retrace. I will take a short selling forex trade.
Short
by AwesomeAvani
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