Alpari - Analytics


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Daily analytical report (03/07/18)

  • The EURJPY pair is very close to completing the mid-term flag, which is a trend continuation pattern of the main long-term upwards trend. Along with the upper line of this formation, for the buy signal, the price has to also break the horizontal resistance at 129.4. The chances for that are pretty high.
  • The EURGBP pair broke the horizontal resistance at 0.883, and later defended it as a support. Sentiment is positive as long as we stay above the grey area. A breakout of the green dynamic resistance should give us a proper buy signal.
  • SP500 created an inverse head and shoulders pattern on the lower line of the flag/channel up formation. The breakout of the horizontal neckline (green area) should give us a nice buy signal.

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