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EUR/CAD BULLISH TRADE - TRADE IDEA H1On EUR/CAD, we have a bearish setup following the PMI data in the Eurozone. The market is approaching the level of 1.4570, where we have a Forex48 block, indicating a potential reversal zone. If we receive valid confirmations on the M15 timeframe, a long position could be considered with a target at 1.47, aiming to capitalize on the inefficiency created by today's news. Best regards and happy trading from Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1
EUR/CAD TRADE LONG AFTER NEWS - H1In the EURCAD pair, we have a long setup with the price about to break a supply zone, starting from a demand zone at 1.47. After the breakout, I expect a bounce as the price could form a pattern of our invention, called Forex48 Block. Here, we could enter long with a target around 1.4870. Let me know what you think, share your analysis, give a like to support our work, and have a great day of trading from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
4
AUDUSD to see a temporary move higher?AUDUSD - 24h expiry We are trading at oversold extremes. A Doji style candle has been posted from the base. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 0.6790 (stop at 0.6830) Our profit targets will be 0.6690 and 0.6620 Resistance: 0.6810 / 0.6890 / 0.7010 Support: 0.6620 / 0.6460 / 0.6380 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
USD/CAD BULLISH SETUP H1- FED RATES!!!On USDCAD, we have a bullish setup with the price in the 1.3224 zone. There's a bullish trendline with a double bounce, and we're anticipating a third bounce around 1.32020, where we also have a Volume Profile Gap (FVG). This presents excellent opportunities for the price to rebound at that point and go long, with a potential target around 1.327, which is a sell area due to the presence of a Forex48 block – an area with a high reaction if the price approaches it with the right confirmations on the M15 timeframe. The important thing is not to let FOMO (Fear Of Missing Out) take over but always stick to your own trading plan. Have a great weekend and happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
2
GBP/USD BULLISH SETUP DURING FED WEEKRegarding GBP/NZD, we have identified a bearish setup with decreasing highs and lows. It's immediately noticeable that the price has dropped over 320 pips, equivalent to 2.5%, in the last two weeks, indicating that the market is already pricing in the Federal Reserve's interest rate hike. In my view, I expect the price to potentially reach the level of 1.2812, where we have a Fibonacci level, which could be a possible reversal point with the necessary confirmations, of course. Subsequently, the price could turn long with a target of 1.31. This is also supported by the fact that the pound is expected to recover economically in the coming months, bringing in very positive macroeconomic data for the currency. Let me know what you think in the comments. Happy trading and have a great weekend, everyone, from Nicola, the CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
3
EUR/USD BEARISH SETUP - 2 ENTRIESRegarding EURUSD, we have a bearish trend starting from 1.1230, with the price heading towards the 1.10 zone. At the moment, there are two potential zones where the price could reverse, one at the level of 1.1070 and another at the level of 1.0970. In both cases, we have a very high-value FVG, which means a significant gap. If we receive confirmations on both the H1 and M15 timeframes, it might be considered to enter a long position. However, it is crucial to wait for the right confirmations and avoid trading during significant news events. Risk management and capital preservation should always be a priority. Greetings to everyone from Nicola, the CEO of Forex48 Trading Academy, and have a great weekend!
Short
by Forex48_TradingAcademy
EUR/JPY Technical Analysis! SELL! My dear friends, My technical analysis for EUR/JPY is below: The price is coiling around a solid key level - 158.112 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Goal - 157.000 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
EURAUD SHORT TRADE - H1 ENTRY SETUPOn EURAUD, we have a bullish setup this morning, with the price reaching the 1.653 zone, where it encountered a FVG and a Forex48 block. After receiving some confirmations on the M15 timeframe, I entered short with a target of 1.642, resulting in a risk-reward ratio of 1:7 with a 1% risk. At the time of writing, the price is already at breakeven, making the trade risk-free. Let me know how you would manage this trade and what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
4
$USD/JPY -Giant Bearish Flag *W- Awaiting Change of Character (CHoCH) for $USD/JPY on *W tf (weekly time-frame). Market Structure looks healthy in terms of Higher Lows on smaller time frames (1-4hr) Decent probable Shorting opportunity in case $USD/JPY fails CHoCH. Shorting opportunity on Resistance Trendline of Bearish Flag Pattern on *W is perfect. Pullbacks to at least 20 EMA *W + S/R zone. Volume is aswell below average on *W Price seems over extended for now despite The Uptrend Market Structure on smaller time-frames (screenshot attached at comment section)
by Mr_J__fx
EURCHF to stall at EURCHF - Intraday There is no clear indication that the downward move is coming to an end. Broken out of the channel formation to the downside. Rallies should be capped by yesterday's high. 50 4-hour EMA is at 0.9661. Preferred trade is to sell into rallies. We look to Sell at 0.9659 (stop at 0.9685) Our profit targets will be 0.9599 and 0.9589 Resistance: 0.9625 / 0.9650 / 0.9670 Support: 0.9603 / 0.9580 / 0.9560 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA