Forex with Ahmed

22/07/2025

It’s unfortunate that no one talks about financial liberalization through opening up our capital markets, since the NGX already has the technical foundation (via NASDAQ X-Stream) to support algorithmic trading via APIs. I believe strongly this can be done successfully if we ramp up regulatory efforts .

09/09/2024

09/05/2024

🔔 Precious Metals Forecast: Silver Breaks Out, Gold Consolidates🔔

Olayera Ahmed shares insights on Gold and Silver trading! 💰

🥈 Silver Analysis 📈
- Bullish breakout above $27.50 💥
- Potential buy opportunity near $27.50 - $27.46 📈
- Conservative traders may wait for breakout above $27.75 ⏳

📉 Gold Analysis 📊
- Consolidation within narrow range 🔍
- Short-term trading opportunities expected 📉
- Long trade possible near $2305 support 💼

Stay tuned for more updates! 📈✨

09/05/2024

📈 EUR/USD Forex Signal Today - 9/05: More Upside 📉

shares insights on EUR/USD trading! 💱

🐂 Bullish View:
- Buy EUR/USD 📈
- Take-profit at 1.0810 💼
- Stop-loss at 1.0700 ⛔️

🐻 Bearish View:
- Sell EUR/USD 📉
- Take-profit at 1.0700 💼
- Stop-loss at 1.0800 ⛔️

📊 Market Insights:
- Weak European data confirms potential ECB rate cuts in June.
- Fed expected to maintain high interest rates.
- EUR/USD finding support at the 50 EMA.

Stay tuned for more updates! 🌐💡

06/05/2024

🌍💱 EUR/USD Forecast: Long-term Range 💱🌍

Olayera Ahmed discusses the Euro's short-term bullishness and long-term range-bound outlook! 📉📈

🔍 Market Analysis:
- Euro shows hesitation after piercing 200-day EMA.
- Market viewed as bullish short-term, but range-bound long-term.
- ECB likely to cut rates sooner than Fed, impacting market sentiment.

💡 Trading Insights:
- Key support at 1.07 level, potential move to 1.06 if breakdown occurs.
- Upside breakout could target 1.09, possibly 1.10.
- Interest rate differentials favoring dollar in the long run.

Stay informed for strategic trades amidst market uncertainty! 📊💡

06/05/2024

📈💰 BTC/USD Forex Signal: Buyers After a Big Dip 💰📈

Olayera Ahmed shares insights on Bitcoin's potential uptrend continuation! 📊

🔍 Market Analysis:
- Bitcoin aiming to break higher, with $60,000 level crucial.
- Choppy behavior expected amid market volatility.
- 50-Day EMA acting as key resistance.

💡 Trading Insights:
- Potential buy signal above 50-Day EMA.
- Stop loss near $58,500 level, target at $70,500.
- Long-term trend suggests potential move towards $73,000 level.
- Downside breakdown may target $52,000 level.

Stay informed for profitable trades! 🚀💰

03/05/2024

🔍📉 EUR/USD Forecast: Big Moves Ahead? 📈🔍
Olayera Ahmed analyzes the EUR/USD market ahead of the US non-farm employment numbers. 💶💵

🔍 Market Analysis:
- Euro attempts rally but stalls around 1.07 level.
- Market awaits US non-farm employment data on Friday.
- Market driven by uncertainty from central banks.

💡 Trading Insights:
- Break above 50-day EMA could lead to move towards 1.08 level.
- Break below 1.0650 level targets 1.06 level.
- Expect choppy trading amid lack of catalyst for big moves.

Stay informed during market volatility! 📊💡

03/05/2024

📉📆 GBP/USD Forecast: Sees Sluggish Behavior 📆📈

Olayera Ahmed analyzes the GBP/USD market ahead of the jobs report. 💷💼

🔍 Market Analysis:
- GBP initially attempts rally but shows hesitation.
- 200-day EMA and 50-day EMA pose resistance levels.
- Potential for US dollar strength if GBP breaks below Wednesday's low.

💡 Trading Strategy:
- Break below Wednesday's low could push pair down to 1.24 level.
- Break above 50-day EMA opens possibility for rally to 1.27 level.
- US dollar strength driven by Fed's monetary policy outlook.

Stay informed amidst market volatility! 📊💡

01/05/2024

📉📆 Gold Forecast: Support Ahead of FOMC 📆📈

Olayera Ahmed shares insights on the gold market ahead of the FOMC meeting. 💰

🔍 Market Analysis:
- Gold shows negativity but tests major support around $2,300.
- FOMC meeting today likely influencing market sentiment.
- Potential hawkish stance from Jerome Powell could temporarily impact gold prices.

💡 Trading Strategy:
- Volatility expected during FOMC press conference, cautious approach advised.
- Breakdown below $2,300 could present buying opportunity.
- Alternatively, consolidation likely between $2,300 and $2,400.

Stay informed for strategic trading decisions! 📊💡

01/05/2024

📈💼 GBP/USD Forex Signal: Rally Pauses for FOMC 💼📉

Olayera Ahmed provides today's GBP/USD signals and analysis. 📊

🗓️ Date: May 01, 2024

📈 Signal Highlights:
- Bullish view: Buy GBP/USD with take-profit at 1.2600 and stop-loss at 1.2400.
- Bearish view: Sell GBP/USD with take-profit at 1.2435 and stop-loss at 1.2575.

📊 Market Analysis:
- GBP/USD dipped amid a US dollar rebound ahead of key economic events like the ADP jobs report and Federal Reserve decision.
- US dollar index rallies as stocks plunge and commodity prices tumble.
- Fed expected to provide hints on future rate cuts amid stubbornly high inflation.

📈 Technical Analysis:
- GBP/USD retreats to 1.2500, slightly above the 50-period EMA.
- RSI points downwards, forming an inverse head and shoulders pattern, suggesting a bullish reversal.
- Upside confirmation if price moves above Tuesday’s high of 1.2565, targeting Woodie pivot point at 1.2460.

Stay tuned for strategic trading opportunities! 🛑💡

01/05/2024

📉📢 EUR/USD Forex Signal: Bearish Outlook as it Breaks Below Rising Wedge 📉💰

Olayera Ahmed provides insights into today's EUR/USD signals and analysis. 📊

🗓️ Date: May 01, 2024

📈 Signal Highlights:
- Bearish view: Sell EUR/USD with take-profit at 1.0600 and stop-loss at 1.0730.
- Bullish view: Buy-stop at 1.0695 with take-profit at 1.0765 and stop-loss at 1.0600.

📊 Market Analysis:
- EUR/USD plunged sharply after mixed economic data from Europe and the US.
- Traders turn risk-off ahead of the Fed decision, impacting market sentiment.
- European economies show signs of growth amid soft inflation, possibly prompting ECB rate cuts.
- US consumer confidence drops amid concerns over inflation, high-interest rates, and the labor market.

📈 Market Events:
- Watch for upcoming ADP employment report, ISM manufacturing PMI, JOLTs job openings, and Federal Reserve interest rate decision. 🇺🇸💼

📉 Forecast:
- EUR/USD's bearish breakout after forming a rising wedge pattern suggests a downward trend.
- Key indicators like RSI and moving averages support the bearish outlook.
- Next target: 1.0600, with possible retest of rising wedge pattern support at 1.0715.

Stay informed for strategic trading decisions! 🛑💡

01/05/2024

📉📢 BTC/USD Forex Signal: Threatening Major Bearish Breakdown Below $59,000 📉💰

Olayera Ahmed provides insights into today's BTC/USD signals and analysis. 📊

🗓️ Date: May 01, 2024

📈 Signal Highlights:
- Risk: 0.75% per trade.
- Trade entry before 5pm Tokyo time Thursday.
- Long entry: Bullish reversal at $59,544 or $55,425.
- Short entry: Bearish reversal at $60,765, $61,468, or $62,013.

📊 Analysis:
- Price weighs heavy on support at $69,000, potential for breakdown.
- Potential drop to $55,000 without significant support.
- Bearish trend reinforces with strong US Dollar and hawkish Federal Reserve stance.

📢 Trading Strategy:
- Short trade favored, look for two consecutive lower hourly closes below $59,000.
- Potential for sharp drop, ideal for day traders.

📈 Market Events:
- Today's US Dollar releases: ADP Non-Farm Employment Change, Final Manufacturing PMI, ISM Manufacturing PMI, JOLTS Job Openings, Federal Funds Rate, and FOMC Statement. 🇺🇸💼

Stay cautious and informed in your trading decisions! 🛑💡