Alpari - Analytics

Alpari

711.25 6.25/10
72% of positive reviews
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Daily analytical report (03/05/17)

  • No major disruptions from the fundamental side of the market so most of the instruments continue their main trends. FOMC tonight but they shouldn't spook the markets.
  • On the EURUSD, we are waiting for a proper signal after being stuck inside of the sideways trend (pennant) since the French election. These kinds of patterns under the resistances are usually bullish but on the other hand, the weekend gap still hasn't closed.
  • GBPUSD underwent a small correction but is back in the game with an upswing. The sentiment is positive and we cannot see any signals that might change that
  • NZDUSD after a small correction is about to create a shooting star on the daily chart, bouncing off the long-term trendline. This is usually a bearish sign and can be an invitation for a 200 pip downswing.


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