The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a...
This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving...
this is the analysis that i had decided to take. I am nowhere near a pro trader and this is just a good idea i thought.
there is a head and shoulder pattern which indicates a short position after the long wave that occured. Be careful because of the news as the NZD trade balance will come out and is looking strong, so will cause an slight price increase for a...
