Alpari - Analytics

Alpari

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Daily analytical report (06/09/18)

  • EURUSD created an inverse head and shoulders pattern on a super important horizontal support. The buy signal is on as we've already broken the neckline of this formation. Currently, the price has stopped on a mid-term resistance, but it looks like this one will be broken soon.
  • Gold is breaking the upper line of the flag formation. That pattern is promoting a further upswing. As for now, we are below 23.6 % Fibo, but with today's breakout it is highly likely that we'll come back above that level.
  • Bitcoin experienced a huge drop yesterday. Thursday is not any better though. In two days, this crypto erased the upswing created over the past two weeks. Sentiment is negative and we should soon see the price on the long-term support at around 5,800 USD.

 



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