Entries by George Itumo

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WEEKLY ANALYSIS TRADE SETUPS: EURJPY & EURAUD – (02 – 06 Dec, 2019)📈📊💰

Following up on the Euro versus the Japanese Yen pair (EURJPY), that we analyzed a fortnight ago. Our bias then was bullish ensuing the first retest. Bears came in after the first retest and pushed prices lower for another test. We can see that the test was successful as the neckline wasn’t broken. Bulls later came in and started the rally again.

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WEEKLY ANALYSIS TRADE SETUPS: GBPUSD & EURJPY – (18 – 22 Nov, 2019)📈📊💰

On the daily chart of the British Pound vs the US Dollar (GBPUSD) pair, we’re looking at a breakout out of a major descending channel. Price has been on a downtrend for one year and 7 months. Eventually, bulls took over and took price higher breaking out of the descending channel.

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WEEKLY ANALYSIS TRADE SETUPS: EURNZD & CADCHF – (28 – 01 Nov, 2019)📈📊💰

On the daily chart of the Euro vs the New Zealand dollar (EURNZD), price has been consolidating in an uptrend forming an ascending wedge. Prices broke out below the pattern and came back for a possible pullback to test the lower boundary for resistance. At the moment, the price has been resisted as it has been unable to get back to the pattern. However we need to affirm the retest by a bearish candlestick.

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WEEKLY ANALYSIS TRADE SETUPS: USDCHF & AUDJPY – (21 – 25 Oct, 2019)📈📊💰

Looking at a minor uptrend on the Dollar vs The Swiss Franc (USDCHF) that began in August this year. Price has been trading within an ascending channel on the daily timeframe, where the main players are bulls. Recently the channel broke out below and had a confirmation the next day.

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WEEKLY ANALYSIS TRADE SETUPS: GBPNZD & GBPUSD – (23 – 27 Sep, 2019)📈📊💰

This week we revisit the pair of GBPNZD that we covered in last week’s analysis. At the time, price was trading in an ascending channel which is an indication of bullish dominance. The doji followed by the marubozu gave us a bullish bias, and we can testify that the rally continued. Currently price is at our major resistance zone with the formation of a pin bar.