Forex48_TradingAcademy

Forex48_TradingAcademy

EUR/USD hit its lowest level since March, dropping below the critical threshold of 1.0600 on Monday. This decline was triggered by cautious comments from Lagarde, President of the ECB, regarding the future course of economic policy, leading to a defensive stance on the euro. In parallel, the US dollar benefited from prevailing risk aversion, maintaining pressure...

Forex48_TradingAcademy

The price of gold remains above $1,920 during Monday's Asian session, and this is encouraging. It appears to be reversing the negative trend thanks to the slowdown in intraday gains of the US dollar (USD), likely due to the decline in US Treasury yields. Currently, the price of gold is still below the critical resistance at $1,926, where the 21 and 200-day moving...

Forex48_TradingAcademy

The GBP/USD pair has experienced its third consecutive weekly decline, continuing the bearish trend that began in mid-July. During this period, the exchange rate has dropped from around 1.3100 to 1.2232, reaching the lowest level since March last Friday. The combination of an accommodative Bank of England and a decisive pause from the Federal Reserve has paved the...

Forex48_TradingAcademy

EUR/USD wrapped up the week at approximately 1.0640, a bit below the previous week's level. The exchange rate hit a Friday low of 1.0614, marking the lowest intraday point since March, mainly due to the late dip in the US dollar linked to falling Treasury yields. In terms of technical analysis, EUR/USD is currently navigating within a descending regression...

Forex48_TradingAcademy

The price of gold showed resilience after a bounce in the range of $1,914-$1,913 from the previous day, recording a modest increase of just over 0.20% and breaking a three-day losing streak. However, it gave up the weekly gains, being below all moving averages. Technical indicators confirm the bearish sentiment, with the peak of the pair this week at the 61.8%...

Forex48_TradingAcademy

Boosted by a weaker US Dollar, the GBP/USD bounced from six-month lows near 1.2230 and rose to the 1.2300 area. However, the Pound remains among the worst performers following the surprising accommodative stance of the Bank of England. The Relative Strength Index (RSI) indicator on the four-hour chart stays below 30, and GBP/USD trades within touching distance of...

Forex48_TradingAcademy

Hello everyone! Today I want to share my thoughts on the current situation of EUR/USD. After the release of the Federal Reserve data, we are considering a possible short setup. However, during this decline, the market broke a key support level at 1.0640. This might trigger a market reaction and a shift to long positions. To make informed decisions, I've decided...

Forex48_TradingAcademy

The USD/JPY pair is gaining momentum on the charts after the Federal Reserve's rate decision and update on inflation projections. It has surged to new highs near the 148.00 mark as the US dollar (USD) benefits from increasing inflation expectations set by the Fed. Starting at 147.50, the USD/JPY has gained a strong 50 pips following the Fed's rate decision. The...

Forex48_TradingAcademy

We are observing a strengthening of the British pound (GBP) against the US dollar (USD) just hours before the Fed's interest rate announcement. The market has broken a significant swing high at the 1.241 level and is heading towards a supply zone at the 1.24200 level. This zone is within a resistance/support area on the H4 timeframe ranging from 1.243 to 1.25,...

Forex48_TradingAcademy

On EUR/USD, we can observe a bullish setup with a bullish trendline on H4. The price is approaching a significant demand zone on H4, where it could find support on the trendline and subsequently initiate an upward move. The first target would be the first significant swing high at 1.0716 and then the H4 supply zone at 1.0740. It's worth noting that during the...

Forex48_TradingAcademy

On the Nasdaq, we have a bearish setup with the price breaking a swing low at the level of 15400. The price has reached a resistance/support zone. So, at this point, I expect two scenarios: a short and a long position. I've highlighted on the chart the potential path the price could take... we'll see tomorrow if the Fed can move the markets. Let me know what you...

Forex48_TradingAcademy

On XAUUSD, we have a bullish setup as the market is gaining strength in anticipation of a new monetary tightening by the Fed. I noticed a breakout of a significant swing high, leading to the creation of a demand zone at the level of 1920-1930. I'll await a bounce within this range, where I'll assess the presence of at least one structural change at the 15-minute...

Forex48_TradingAcademy

On the EUR/USD pair, we have a bullish setup in anticipation of this Wednesday's Fed meeting. The H4 bias is long after a breakout in the afternoon at the level of 1.0690. My objective will be to look for a short opportunity with a slight bounce in the 1.067 area where we have a buying zone, and subsequently seek a long opportunity with a target of 1.0750 where we...

Forex48_TradingAcademy

On GBP/USD, we have a price that is within a buying range, between the levels 1.2340 and 1.24. Currently, my objective is to look for a structural breakout on M15 during the London session at opening and closing, and during the New York opening. The price could reach the selling range at the 0.38% Fibonacci level at 1.2435 and then test the second selling range at...

Forex48_TradingAcademy

On USD/CAD, we have a bearish setup with the price at the 1.3520 level. This week involves a lot of data regarding the US and Canadian dollars. The goal will be to look for a long position, as the price is currently in a bearish channel after breaking some swing lows. I will look for a long position on the 15-minute chart during tomorrow's New York session. My...

Forex48_TradingAcademy

On EUR/USD, we have a bearish setup in anticipation of the FED meeting this week, specifically regarding the interest rate decision. The market has broken seven swing lows from the 1.07 - 1.0670 level, demonstrating its explosive strength. However, I continue to emphasize this simple concept: a break of a swing low signifies a show of strength, but at the same...

Forex48_TradingAcademy

On USD/JPY, we have a bullish setup, with the price breaking a previous swing high at the 147.87 level. This breakout confirmed my bearish view. I will be looking for a bearish opportunity on Monday at the New York market open and London close. I'll be seeking a change in structure to the downside on the M15 chart with an entry at a strong level or inefficiency...

Forex48_TradingAcademy

On GBP/USD, we have identified a bearish setup following the Eurozone data and the data on the dollar. During this morning, the market began to change its structure on a 15-minute timeframe, creating an important entry zone at the level of 1.2412. This trade will be confirmed today during the London ink hour, that is after the release of US data, which could...