Alpari - Analytics

Alpari

784.25 6.25/10
72% of positive reviews
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Daily analytical report (02/10/18)

  • All setups today are with the USD and all of them have a proper sell signal. We've covered them many times in the past few days, so you shouldn't be surprised by the current price movements. We start with the EURUSD pair, which is on the loose after breaking the lower line of the rectangular pattern. That increased the momentum and allowed the price to break the upwards trend line. It seems that buyers jumped ship completely today as the price reached the ultimate support at 1.153. We have a small battle here, but the selling pressure is huge!
  • Next up is GBPUSD, which is going down after breaking the lower line of the upwards channel formation and then the lower line of the flag pattern. Most recently, the price broke the 38.2% Fibonacci and then used that as a resistance. The sell signal is on!
  • Lastly we have AUDUSD, where in my opinion, the sell signal is the most technical. The price bounced from the long-term downwards trend line using a double top formation. What is more, we broke the lower line of the flag. Tuesday is starting out with a huge drop. The first target is on the lows from September.

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