Alpari - Analytics

Alpari

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Daily analytical report (13/07/18)

  • NZDUSD is coming returning to the main downtrend after using the flag as a trend continuation pattern. After the breakout of the lower line of this formation, the drop will accelerate.
  • CHFJPY is in a very interesting situation. First, we broke the mid-term resistance but then, we bounced from the long-term one and used the first one as a support. Daily chart suggests a further drop, but before we go short, we need to see the breakout of the orange support.
  • EURAUD tested 1.572 again and once again we’ve got a bullish bounce from this line. That proves how important this level is for the mid-term situation on this pair. Breakout could be a super strong sell signal.

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