Alpari - Analytics

Alpari

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Daily analytical report (30/11/16)

 

  • OPEC press conference soon, but it seems like traders already know what’s going on. Oil spikes 7%.
  • EURUSD with an iH&S pattern and a chance for a mid-term uptrend.
  • NZDUSD finally found a resistance and is coming back to the long-term bearish trend.
  • Gold is giving off bearish signals with the flag, but silver is doing quite the opposite: the price is forming an iH&S formation there. In those two, gold usually leads the way; will it be the same this time?
  • AUDUSD giving bearish signals inside a flag with an additional bounce from the 38.2% Fibonacci.


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