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GBPUSD (Cable) H4 Bullish Outlook! Will this happen next?The GBPUSD currency bullish force looks good for the coming week. The GBPUSD pair price seems to have cleared the minor resistance levels 1.2120 and 1.2140 and retested the same. So, we anticipate the price to continue to rally to the 1.2420 and 1.2450 range. There is high-impact news that may effect significant price moves in this new trading week. Notable, among them is the Claimant Count Change and CPI data report in the UK which surely impact its currency the British Pounds GBP. Also, we expect the US to release reports for Empire State Manufacturing Index, Retail Sales, Core PPI, and others. With the expectancy of these data in the new week, the GBPUSD pair is likely to see high volatility. Please me know what you think and follow up for more updates this week.
Long
by ClintOnos
Is $EXTR ready for the next move higher?Notes: * Strong up trend * Great earnings QoQ * Basing for the past ~8 weeks * Pulled back to its 50 day line and found support around the 18.17 area * Now coming up on the right side of its base with higher than average volume * Offering an early entry * Printed a Pocket Pivot, indicating institutional demand Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 5.94 Relative Strength vs. SP500: 5.88 U/D Ratio: 0.97 Base Depth: 15.74% Distance from breakout buy point: -5.99% Volume 88.56% above its 15 day avg. Trade Idea: * Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot. * Based on its prior performance, $EXTR can go another ~17.6% from here. * If you're looking for a better entry you may be able to catch one around 19.3
NASDAQ:EXTRLong
by HaseebKhan_90
Can $ESAB go higher from here?Notes: * Moving up on the right side of its IPO base * Good earnings * Breaking out of an ascending triangle with higher than average volume * Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term * Has a solid relative strength in the sector and against the SP500 * Showing an early entry relative to its 50 day line * Printed a pocket pivot, indicating institutional demand Technicals: Sector: Industrials - Metal Fabrication Relative Strength vs. Sector: 2.87 Relative Strength vs. SP500: 14.88 U/D Volume Ratio: 2.26 15 Day U/D Volume Ratio: 5.27 Base Depth: 77.73% Distance from breakout buy point: -16.17% Volume 21.39% above its 15 day avg. Trade Idea: * Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle * If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
NYSE:ESABLong
by HaseebKhan_90