Alpari - Analytics


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Daily analytical report (29/06/18)

  • EURUSD spiked overnight after EU members reached an agreement on migration. Maybe this news isn’t particularly related to economics, but influential nevertheless thanks to the low volatility seen in the Asian session. Now, the price has reached the mid-term downwards trend line, which provides a good selling opportunity.
  • The USDCAD pair, after making a double top formation along with a correction equality pattern, is aiming lower. That is a legitimate, mid-term selling opportunity.
  • GBPAUD has a very nice bearish setup as the price ended the bullish correction with a head and shoulders formation. We’ve already broken through the mid-term upwards trend line and the neckline. The price is making daily lows as we speak. The sentiment is negative.

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