Alpari - Analytics

Alpari

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Daily analytical report (18/10/16)

 

  • Calm start to the week with stocks taking the large part of interest as earnings from US companies are coming through.
  • Gold is defending the 1250 USD/oz and bounces from the 39.2% Fibo.
  • Silver looks more bearish as is still under the resistance.
  • After breaking the long term support, EURAUD is the place for sellers.
  • USDCAD is going lower in a long-term wedge formation after it bounced from a local resistance.
  • AUDUSD going higher after the daily hammer bouncing from the trend line on 13th October.
  • SP500 approaching the local neck line of the iH&S on the hourly chart.

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