Alpari - Analytics

Alpari

784.25 6.25/10
72% of positive reviews
Real

Daily analytical report (23/08/18)

  • Oil is cancelling the sell signal and coming back above two major resistances: the neckline of the triple top formation and the horizontal one at 66.1 USD/bbl. In addition to that, buyers used the momentum to break the mid-term downwards trend line (black), which activates the buy signal.
  • A false breakout for bitcoin! Yesterday, the price broke the neckline of the inverse head and shoulders formation, which was drawn on the super important support at 5,800 USD. Buyers were unable to hold above the neckline and the price came back below, triggering a strong sell signal for us. Another test of the 5,800 USD is underway.
  • AUDUSD made a pullback, which tested the lower line of the triangle as the resistance. That area worked and the price reversed aiming lower. Current sentiment is negative and is in line with the long-term trend on this instrument.

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