Daily analytical report (10/04/19)

2019-04-10T10:31:00
  • From a technical point of view, the main pair is in positive territory. We are above the neckline of the inverse head and shoulders pattern, which gives us a buy signal. Yesterday, the price met the first target for this formation, which is the 38.2% Fibonacci. A new buy signal will be triggered when the pair breaks the 38.2% Fibonacci, and a sell signal will be triggered upon a breakout of the lower line of the wedge pattern (red).
  • The next instrument is USDCHF, which does not want to go down despite an excellent bearish setup. The pair is currently testing the ultimate resistance created by a few bearish factors being in the same area. If we don’t get a bounce from this level now, the great bearish chance will be wasted. Closing the day above the black line will be a signal to go long.
  • A very clean and simple sell signal can be found on the USDJPY. The price has formed a head and shoulders pattern. Yesterday, USDJPY broke the neckline of this formation (red) along with the yellow horizontal support. Today, we are bouncing from those areas after testing them as a closest resistance. As long as the price stays below the yellow area, sellers have a better chance of success.

Latest reviews

Everyone has the chance to make a profit

You don't need to trade on your own to make a profit. Make a profit by entrusting your funds to experienced traders!

Register

There's a better website for you

A new exciting website with services that better suit your location has recently launched!

Sign up here to collect your 30% Welcome Bonus.