Alpari - Analytics


859.25 6.25/10
73% of positive reviews

Daily analytical report (17/07/18)

  • The first one can be seen on gold. We’ve already managed to break the neckline, which triggers us a buy signal. The thing is that this signal is very close to being denied as we are falling below the neckline again. A false breakout can be a strong sell signal!
  • The second pattern can be seen on the Cable, but here we are still below the neckline so the trading signal has not been triggered yet. Midday brought a strong USD with it so a breakout of the neckline looks less likely. The signal to go long will be triggered when the price breaks the blue resistance.
  • Last up is the NZDUSD pair, where we’ve already broken the neckline but the price is going down, so the situation is similar to the one seen on gold. In my opinion, for a proper buy signal, we have to wait for a breakout of the orange horizontal resistance.

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