Interviews
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
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