Alpari - Analytics


861.25 6.25/10
73% of positive reviews

Daily analytical report (26/07/18)

  • The EURUSD pair is bouncing once again from the upper line of the triangle. At the same time, we have an inverse head and shoulders pattern, which could potentially end the downwards trend. For a proper buy signal, we need to see the breakout of the green horizontal resistance.
  • Silver is creating a flag, which is a very negative sign. The flag went up to test the horizontal resistance at 15.6 USD/oz, and that's where the price bounced, creating a good sell opportunity. Sentiment around silver is negative and we will get a proper trading signal once the price breaks the lower line of the flag.
  • CHFJPY is still pushing lower. It does not look so great on the H1-H4, as well as on the weekly chart, where the price created a shooting star on an important resistance. On those smaller time frames, movements are choppy and irregular and the situation is not so tempting, even despite the head and shoulders pattern. Overall, long-term sentiment is definitely negative.

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