Entries by George Itumo

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WEEKLY ANALYSIS TRADE SETUPS: EURJPY & GBPUSD – (27 – 31 Jan, 2020)📈📊💰

On the daily timeframe of the Euro versus the Japanese Yen(EURJPY), we have a double top formation. Price was on an uptrend from August last year and both tops of the double top are shy the near term level by a few pips. The near term resistance level has resisted price which caused the formation of the double top.

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WEEKLY ANALYSIS TRADE SETUPS: GBPNZD & EURUSD – (13 – 17 Jan, 2020)📈📊💰

On the British Pound vs the New Zealand Dollar (GBPNZD) weekly chart, we get to see inside bars forming. The last 2 candlesticks have been inside bars to a bearish candle that occurred 2 weeks ago. Price topped at the major level in October last year and has slowly been descending. It is too early now to say that we’re in a downtrend or to suggest that the downtrend has begun.

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WEEKLY ANALYSIS TRADE SETUPS: GBPCAD & AUDJPY – (06 – 10 Jan, 2020)📈📊💰

Looking at the monthly time frame of The British Pound vs The Canadian Dollar (GBPCAD) we can see a descending channel that has been present for the past 2 years. Bears and bulls have been playing tug of war as they consecutively take charge of the market in turns. Our attention at this point is December’s candlestick that closed last week, which formed a gravestone doji.