Alpari - Analytics

Alpari

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Daily analytical report (12/09/18)

  • EURUSD still cannot decide if it wants to go up or down. The major neckline is still a support, so we do not have a sell signal, but at the same time, the line connecting the top of the head and the right shoulder is also intact. For a proper signal we need to wait for the breakout.
  • AUDJPY is in a very technical downwards trend. Most recently, the price created a correction pattern – a flag (white lines), which is just waiting for the bearish breakout. This scenario is more probable, especially as the price is below all major mid-term resistances.
  • The show must go on. SP500 is defending major supports, thus delaying the thought of a bigger correction. We are above major horizontal and dynamic lines, which cancels the sell signal for now. New all-time highs are on the horizon! 

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