Alpari - Analytics


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Daily analytical report (22/12/17)

  • Bitcoin tumbles as never before. Is that a burst of the bubble or just a normal correction? Since its top at around 19,000, BTC broke few horizontal supports and recent mid-term upwards trend line. This can be a game changer here, but remember that in history, every dip was bought and ended with creating new ATH.
  • Yesterday the AUDUSD broke the upper line of pennant formation triggering strong buy signal. The potential target for this movement is at 0.777 (lows from the beginning of October).
  • NZDUSD is also in a positive territory. Here, instead of the pennant we got a flag, which resulted with bullish breakout. Potential target for this movement is at 0.706, so we still have some space and time to get there.

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