Trade one of the largest Tech IPOs ever…in Naira

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Snap, the parent company of popular social media app- Snapchat, is set to launch its IPO (Initial Public Offering) on the New York Stock Exchange and effectively make the company’s shares available for trading from possibly the 2nd of March. Early investing in technology companies can be one of the wisest financial decisions to make. Continue reading “Trade one of the largest Tech IPOs ever…in Naira”

Trade Of The Day: GBPCHF

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The pair has some fair amount of retracement in yesterdays session following an impressive bull trend that ran from last week Friday and peaked yesterday. As seen in the chart technical indicators today are slightly bullish. The 50 MA is below price and the RSI is mixed to bullish as well with it being just at the neutrality point.

Continue reading “Trade Of The Day: GBPCHF”

Trade of the day: GBPJPY

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For the most of this week, the pair has been on an uptrend and has a good possibility of continuing its bull-run. Today price opened above the pivot point which is at 141.35. Still in the upward channel.

Best trade recommendation would be to prepare to go long when price is in the support zone of the channel. Long positions should target 142.05. In the event that the market conditions change and price breaks below the support and the pivot line, then short positions should be considered instead with potential target at 140.85.