Alpari - Analytics


841.25 6.25/10
73% of positive reviews

Daily analytical report (30/10/18)

  • USD is back! USDJPY finally defended the long-term upwards trend line, which for the past two weeks has been under bearish pressure. The price created two false breakout patterns and went higher. The chances of reaching the highs from the beginning of October are quite high.
  • Next up is gold, which is suffering losses after the shooting star candlestick at 38.2% Fibo. This is a classic price action setup, so I guess no surprises here. The current target is 23.6% Fibo, which has already acted as a support many times. Mid-term sentiment is negative.
  • And lastly we have Bitcoin, which finally ended the sideways trend present here for the past two weeks. That gives us a short-term sell signal with potential targets on the yellow support, which is created by connecting the most important lows from 2018. Our view with regard to this crypto is negative.

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