Alpari - Analytics

Alpari

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Daily analytical report (04/04/17)

  • We're getting closer to the grand finale on the GBPUSD. Everybody is waiting for a breakout from the long-term symmetrical triangle. The price is now closer to the resistance, which increases the chances of a bullish breakout.
  • GBPCAD is hinting that we can have positive sentiment for the GBP. What we have here is a bullish engulfing on the weekly chart, which at the same time is a double bottom formation. This, after few weeks, resulted in the price climbing higher. This sentiment should continue.
  • AUDNZD is approaching a very important support (trendline,neckline and lower line of the flag). Bullish pattern here will be a trigger for an ultimate buy signal. Stay sharp!

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