Trading with Atlantis Capital Group

[AtlantisCapitalGroup]

GBPAUD is in the uptrend from the end of August and we see an opportunity to join this trend. The market is giving us a signal for another continuation of the uptrend. After 500 pips correction, it reached the level, where we already placed our long positions and we expect a move at least to 1.8405. Stoploss is at 1.805. Generally, almost all currency pairs including British pound looks bullish and that serves as another confirmation of this long position.

 

[AtlantisCapitalGroup]

For the last few months, USDCHF was growing very steadily and by the end of the October it tried to break strong resistance 1.0067 but failed to do so. After the false-break of resistance, USDCHF created a candle pattern Engulfing, after which it should be falling in the next few weeks. When engulfing was created, divergence was confirmed and now the market should head to the blue zone, if not further. We have placed a short position with a stop-loss above the resistance targeting around 100-150 pips.

 

[AtlantisCapitalGroup]

GBPNZD was falling thousands of pips after Brexit in 2016 and it found its bottom in later 2016. Since then an uptrend prevails on this market. This year GBPNZD broke psychological resistance 2.000 first time since Brexit and then it went quickly below 2.000 again. One thing is clear. There is an uptrend. This currency pair fell 1130 pips in less than a month and it is showing a signal for growth again. Currently, it is in a support zone from which it will probably go up a few hundreds of pips. GBPNZD is also in the area of the trendline. When the markets open, it can test previous low 1.9342 and then go up to the area 1.97-1.98. If the market breaks trendline, there´s an open space for other hundreds of pips downwards.