Advertisement
Advertisement

GBP sinks, AUDJPY goes lower. USDCAD with a nice reversal pattern

By:
Tomasz Wiśniewski
Published: Jul 18, 2018, 09:10 UTC

Worse CPI in the UK sends the GBP lower. On the GBPCAD it helps to break the long-term up trendline and the lower line of the rectangle. That is a strong

E Board

Worse CPI in the UK sends the GBP lower. On the GBPCAD it helps to break the long-term up trendline and the lower line of the rectangle. That is a strong sell.

AUDJPY created two shooting stars on the daily chart and the head and shoulders formation on the H4. We already broke the neckline and the sell signal is ON.

USDCAD created an inverse head and shoulders formation on the long-term up trendline. The neckline was already broken. That creates us a good buying opportunity.

This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis

About the Author

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.

Did you find this article useful?

Advertisement