Alpari - Analytics

Alpari

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Daily analytical report (12/01/17)

 

  • Global retracement from USD after Trump conference on Wednesday.
  • USDCAD breaks the lower line of the flag and is advancing lower.
  • USDJPY breaks the lower line of the wedge and goes south.
  • GBPUSD aims north thanks to the triple bottom formation.
  • EURAUD made a significant downswing and looks like a good time to correct some of it now.
  • Gold enters theoretically a nice place for a bearish correction but price action is still bullish.

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