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The pair (GBPUSD) - which needs confirmation.Providing with some basic and advanced tools here, we can see that the price seems to have reached "the full potential" for a sale option. So considering this above, also with the Relative Strength Index tool, oversold is what makes the headlines for this one in this current time. Also, we can look for the news which are highly important for both countries, such as the GDP and Employment rates that seems to go public this week. With all this information, we can take a closer look in shorter time-frames in order to find positions which possibly might still continue the continuity it has had these last 2 months.
by Lind77
NZDUSD Channel AnalysisOn the NZDUSD analysis we can see the bigger picture where there is a channel down currently reaching for the top trendline while the channel down on a bigger timeframe is going there has been formed a channel up on a 4h chart where there could be some great possibilities of a shorter term trades of buy and sell if the channel up continues, when the channel up finishes we could be waiting for a breakout of the channel down and continue to a bigger uptrend or either we could se the price respect the channel down and continue to a long term sell. Hoping that it will give us a good entry!
Long
by Jetnor
3
Will the GBPJPY rally continue to a bigger uptrend?I've caught 2 good entries on GBPJPY currently the first one hit the take profit at 400+ pips the second entry is now standing at 240+ pips on profit I've taken of the take profit of the second entry, I think this uptrend rally is going to continue to an even bigger uptrend on GBPJPY we might see a pullback to some zones on bigger timeframes but overall it looks bullish! I will continue to follow the price with the stop loss! Tell me your thoughts on the comments!
Long
by Jetnor