Alpari - Analytics

Alpari

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Daily analytical report (18/01/17)

  • We correct the major movements from yesterday but most of the movements are flat.
  • EURUSD keeps the buy signal alive as the retracement is small and does not even touch the closest support.
  • Gold and silver are getting ready to breach major resistances.
  • EURAUD ignores the double bottom formation and aims for the descending triangle which supports the bearish sentiment.
  • USDCAD still bearish ahead of the rate decision from BoC.
  • Brent with a chance for a reversal as the rise tries to break the uptrend line but they still need to break the neck line to change the sentiment into a negative one.

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