Alpari - Analytics

Alpari

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Daily analytical report (14/11/17)

  • EURGBP bounced from the ultra-important support at 0.875 before going on to break up the mid-term downwards trend line and come back above the long-term upwards trend line. This should be perceived as bullish and the potential target for this movement is at 0.902
  • EURUSD denied the huge head and shoulders pattern, and after drawing the double bottom formation, has come back above the neckline. This is bullish, but for a buy signal, we need to see a breakout of the upper line of the flag formation.
  • NZDSGD bounced from the 0.947 resistance and broke the lower line of the wedge. This has triggered a sell signal with a potential target at 0.914, where the lows are from the end of 2015 and the beginning of 2016.


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