Alpari - Analytics

Alpari

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Daily analytical report (07/11/18)

  • All the setups from yesterday's Trading Sniper video were spot on. Oil went significantly lower as expected. We anticipate a further decline. EURNZD also went down, breaking the lower line of the rectangle pattern. Currently, we have a small reversal, which could be a good occasion to open short positions with higher prices to obtain a desirable risk-to-reward ratio.
  • EURUSD also did a great job. The price broke the downwards trend line and the horizontal neckline, which brought us a buy signal. We later used those areas as supports, which gave us a confirmation. Currently, the price is at the highest levels seen since the 24th of October, and it is likely that this movement will continue.
  • AUDNZD broke the lower line of the symmetrical triangle pattern. That was anticipated as we were under the influence of the big head and shoulders pattern. The potential target for this drop is around 200 pips lower, which makes it a good bet for long-term sellers.

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