Forex48_TradingAcademy

Forex48_TradingAcademy

The AUD/USD pair is consolidating near the critical resistance level of 0.6800, following a recent climb to a one-month high. Mixed economic data and anticipation surrounding the Federal Reserve's statement have led to a need for consolidation or a possible correction. The Australian dollar received support from the People's Bank of China's decision to ease...

Forex48_TradingAcademy

EUR/USD pair retreated below 1.0800 during the American session, facing resistance at the 1.0820 level and the 100-day SMA at 1.0805. The short-term bullish bias remains, but technical indicators offer mixed signals. The pair's retreat from recent highs suggests potential downside, with support levels at 1.0760 and 1.0740. However, the overall bias remains...

Forex48_TradingAcademy

The price of gold has experienced a reversal, dropping below $1,950 after briefly surpassing $1,970 earlier in the day. This decline can be attributed to the benchmark 10-year US Treasury bond yield, which is currently rising and approaching 3.8%. The increase in bond yield comes as a result of the recent drop in US CPI data, which has had a negative impact on the...

Forex48_TradingAcademy

During the European session, the US/JPY pair remains stagnant, trading within a limited range just below the significant resistance level of 140.00. The market is characterized by volatile fluctuations as investors adopt a cautious approach in anticipation of the upcoming release of US inflation data. In London, S&P500 futures have gained as investors hope the...

Forex48_TradingAcademy

GBP/USD capitalized on the overall weakness of the US Dollar (USD) on Monday, reaching its highest level in a month above 1.2590. However, the pair is likely to encounter resistance at 1.2600, and there is a possibility of a downward correction before the next upward movement. The optimistic market sentiment at the start of the week has prevented the safe-haven...

Forex48_TradingAcademy

On NZDCAD, we have a price consolidating around 0.8180 within an H1 supply zone. We anticipate a price decline followed by a bounce before descending towards the 0.808 area. Happy trading to all. Nicola, CEO of Forex48 Trading Academy.

Forex48_TradingAcademy

On EURAUD, we notice a price consolidating around 1.592 within a demand zone. The price is consolidating after breaking a bearish trendline. In this area, many buying orders are accumulating, suggesting a potential increase in the stock price up to 1.62, where we have an interesting supply zone. I don't exclude a rise towards the 1.64 area. Share your...

Forex48_TradingAcademy

On gold, we have a price that, after reaching the 1965 zone within a supply zone, reversed its course due to the significant volume present in the area. Now, the price has started to decline, and a target is expected around the 1946 zone, where there is a high concentration of orders and a demand zone at the 1943 level. Therefore, currently, we have a profitable...

Forex48_TradingAcademy

On EURUSD, we have a bearish setup with the price, after reaching the 1.079 area in a supply zone, starting to retrace towards a target point in anticipation of the upcoming week, which includes the Fed and ECB rate hikes, along with numerous macroeconomic data. Please share your expectations in the comments. Happy trading to everyone. Nicola, CEO of Forex48...

Forex48_TradingAcademy

On AUDCAD, we have a bullish setup with the price, after yesterday's rally, stalling around the 0.891 area where we have a strong volume concentration. This is a potential reversal zone where the price could reverse course and reabsorb the liquidity left in the market. In fact, we can observe a significant cluster of trades at the 88.90 level. That level will be...

Forex48_TradingAcademy

On AUDNZD, we have a price around 1.101 within an H1 supply zone. It's an area where the majority of trading volumes have occurred for the past two days. The expectation is to go short, with the price potentially dropping to 1.09, where we can observe further order intensity. Share your expectation. Happy trading to everyone from Nicola, the CEO of Forex48...

Forex48_TradingAcademy

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.

Forex48_TradingAcademy

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.

Forex48_TradingAcademy

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....

Forex48_TradingAcademy

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....

Forex48_TradingAcademy

Oil is showing a bearish trend with a price that has bounced three times on a downtrend line. Currently, it is in a demand zone, which is a small market support. The outlook shows a bearish triangle pattern, with the price potentially breaking downwards before bouncing back up prior to a short position with a target of 72.56. What is your opinion? Happy...

Forex48_TradingAcademy

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...

Forex48_TradingAcademy

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...