Alpari - Analytics

Alpari

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Daily analytical report (07/04/17)

 

  • Missile attack helped save heaven assets. Gold advanced sharply making a new mid-term high. Before the NFP, the price remains relatively high with the potential for a further upswing. The closest target is the 1275 USD/oz, where the next important resistance is (dynamic created by connecting recent lower highs).
  • EURUSD was in a boring sideways trend all week and we all are waiting for the NFP to bring some volatility into our lives. Price being inside of a sideways trend is always a good opportunity for the breakout traders so ahead of the NFP they have to be extra sharp.
  • EURJPY is defending a long-term up trendline. So far we have three long tails but the pressure rises and a breakout is very probable. The price making a lower low here will definitely be a sell signal and a very important one.


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