GBP on yearly highs, NZD on yearly lows

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Published: Apr 28, 2017, 13:23 UTC

GBP was definitely a silent hero of this week. We were all focused on the EUR from the very beginning but behind their back, we got beautiful upswings on

GBP was definitely a silent hero of this week. We were all focused on the EUR from the very beginning but behind their back, we got beautiful upswings on the GBP and it looks like this sentiment will continue.
GBPUSD ended the flat correction that they were having on an important resistance after the surge caused by UK PM. Small rectangle, as expected, resulted in a strong upswing and the price entered the bullish territory.
GBPCAD was doing even better additionally driven by the low prices of Oil, which were a negative factor for the CAD. Here, we are witnessing one of the best two weeks in the latest history of this pair. We broke many major resistances and we are ready to go higher but maybe traders will want to correct this amazing 1000pips upswing first.
NZDUSD this week made new yearly lows. We also managed to break a local horizontal support on the 0.688. Along with two dynamic supports broken earlier, this creates a very negative surrounding for this pair. Sell signal is on and it is doing fine.

About the Author

Tomasz Wiśniewskicontributor

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.