Alpari - Analytics

Alpari

784.25 6.25/10
72% of positive reviews
Real

Daily analytical report (26/06/18)

  • The EURUSD pair has been on the rise since last week, using the bounce from the long-term upwards trend line and a double bottom formation. The upswing stopped on the combination of the mid-term downwards trend line and the 38.2% Fib. A breakout of those resistances will give us a strong buy signal.
  • Silver is testing the lower line of the symmetrical triangle pattern. It is the second test in the last few days. The first bounce was not very strong, so there is a chance for a major breakout. If the price closes below the yellow area it will be a super strong sell signal.
  • The USDJPY pair created a head and shoulders pattern. We've already seen the breakout of the neckline and the bounce from the horizontal resistance. That should give us a sell signal, but in my opinion, it would be better to wait for the breakout of the 109.37 support first.

To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree