Alpari - Analytics

Alpari

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Daily analytical report (18/09/18)

  • The first video of this week begins with the bitcoin analysis, which for the past few days has been locked inside of a rectangle. What we have here is a trend continuation pattern which was created after a huge drop. Thus, we can assume that it will too result in a drop, especially since the ultimate long-term support is near!
  • Next we have GBPNZD, where we could potentially have a double top formation on the long-term highs. Sentiment remains positive, and although there's no talk of a reversal, this could be a good trigger for a mid-term correction at 1.975.
  • WTI oil is still locked inside of the symmetrical triangle pattern and cannot chose a direction. The bearish breakout is supported by the bigger H&S pattern and the bullish breakout is supported by the main trend and the smaller iH&S formation. For now, it is too early to say which way they will go, but we have to stay sharp!

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