ESCtrade

ESCtrade

After a period of strength for the GBP we have seen a recent pullback in price. Selling pressure is though starting to wain and price is stabilising into an open cone shaped accumulation phase. Rsi divergence shows the strength of sellers is declining and shows multiple bullish divergences. Price is testing the bottom of the testing range and may rebound...

ESCtrade

AUD/USD has been in a bearish trend since 10th April. There have been three legs to the down trend and RSI is showing signs of divergence. Price has began to line up with the RSI and started to move against the trend by breaking the local range. The hourly chart shows a big bullish candle at 7am oil 17th April. I expect there to be some follow through from...

ESCtrade

I have identified a hidden bearish divergence followed by 2 bearish divergences. Price of the AUD has been falling against safe haven currency JPY for the past few weeks. The price has rallied this week in the run up to the RBA interest rate decision, held at 0.1%, this met the expectations of the market and we expect price to resume trend over the next few days....

ESCtrade

LSE:INSP Product development was completed in 2020 for the inspirit charger converting waste heat from gas boilers in to electricity to be used in the property or fed back to the grid reducing the carbon footprint of heating. Recently they have announced a deal with Volvo Pinta a ship builder to integrate their technology in ship building. They are also in...

ESCtrade

LSE:REAT Huge volume increase does this signal positive price movement in the near future. The company has increased its client base during 2020 and is expected to produce a positive eps number for the first time this year.