Alpari - Analytics


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Daily analytical report (07/03/17)

  • EURUSD locked in a sideways trend waiting for a breakout. We will most probably have to wait till the ECB on Thursday.
  • EURJPY in a slightly better sentiment with a price touching important resistance after a strong upswing. Wedge and iH&S support the buy signal.
  • Silver with a heavy pressure on the trendline. This creates a good opportunity for a short term sellers and the long-term sentiment remains positive. At least as long as we stay above the 38,2% Fibonacci.
  • Brent Oil locked exactly in the middle of the sideways trend. No fireworks here.
  • AUDNZD supported by the iH&S but stops on the long-term down trendline. Waiting for a price action here.

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