Alpari - Analytics


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Daily analytical report (08/09/17)

  • The BoC surprised and the ECB gave a boost to the EUR, but now it’s time to slow down a little bit and prepare for the weekend. That doesn’t mean that we have to stop trading, which is why we’ve prepared three good setups for you today.
  • The first one is a long-term occasion on the AUDUSD, where the price broke all major resistances and made new yearly highs this week. This confirms the bullish sentiment and allows us to look north for the next few weeks, or even months.
  • EURGBP broke the upper line of the wedge yesterday, but today, prices are failing to climb higher. This could create a false breakout pattern, and if we see a drop below the 0.912 support, a sell signal will be created.
  • USDJPY finally closed the daily candle below the 108.6 support. That immediately triggered a sell signal. Now, after breaking through April’s low, we are on the lowest levels since November 2016.

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