Alpari - Analytics

Alpari

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Daily analytical report (03/02/17)

 

  • Traders are waiting for the NFP to show the direction.
  • After the breakout, Oil stays relatively high and buyers seem to be in control of the situation.
  • EURUSD falls after yesterday's shooting star bouncing of a strong resistance.
  • Silver tests the neckline as a new support after checking the trendline as a resistance.
  • USDCAD fighting to keep the 23.6% Fibonacci alive.
  • GBPCAD protects the 38.2% Fibonacci and rises sharply.


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