EURCHF

Conventionally an ascending triangle breaks out on the upside. However, one that occurs within a downtrend should be approached with caution.

SUMMARY.

Patiently wait and follow the price in the direction of the breakout.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURCAD

Breakout on the upside of a descending channel within an uptrend is a good continuation indicator of the 11 month uptrend.

SUMMARY.

Zooming in to a lower timeframe will give you a better position to time the entry to the potential bull rally following  price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

EURCHF

Evidence of a descending channel as price is breaking out of a rectangle pattern is testament to  trading confluence.

SUMMARY.

Further price action confirmation to signal whether to join  a bear market .


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

GBPAUD

Weekly pin bar forming at the near term resistance level is a potential bearish sign especially when followed by a confirmation  candle.

SUMMARY.

Following bearish price action confirmation on a lower timeframe you may expect a price waterfall


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

AUDJPY

An uptrend lasting the past 6 months has recently been punctuated by a rising triangle that has had a breakout on the upside that happened last week.

SUMMARY.

Confirmation of the breakout on lower time frames is ideal in joining the trend after the breakout.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

NZDCAD

Looking at the double bottom formed by the recent price action, price rallied in the form of a rising channel slightly past the neckline after making the second bottom. Weeks later the channel broke out on the downside.

SUMMARY.

Ensuing the weekly breakout,we should look to join the trend that is likely to begin on a lower time frame following price action confirmation.

Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.

Making money through forex trading – Living with Ess on NTV

What is forex trading, how can you get started, what should you look out for and many more with our MD Joshua Matumo on Living with Ess NTV

More from the interview:

Myths and assumptions in online forex trading – Living with Ess on NTV

What are the myths and assumptions that people have about forex trading? Let’s debunk all these on Living with Ess NTV.

Fear and greed in forex trading – Living with Ess on NTV

Fear and greed are two human emotions that you must master for you to succeed in trading. Our MD Joshua Matumo expounds on this and a lot more on Living with Ess NTV

Trading Forex on KTN business News

Our MD Mr. Joshua Matumo had a conversation on forex trading and how you can tap into this rewarding industry with Mr. Abi Agina on KTN Business Today.