Daily analytical report (23/05/19)

  • Yesterday’s FOMC minutes did not spark much joy. The report stated that the FED remains patient and they keep an eye on the market. The influence on the USD was limited but it finished Wednesday on the bullish side of the market. At the same time, EIA Crude Oil Inventories shook the market. Build of 4.7 million barrels was not exactly what buyers could have expected. This number was a direct trigger for the investors to sell Crude. The price went down, which resulted in a proper sell signal as the WTI dropped below the major upwards trend and the lower line of the flag formation. Current expectations are negative.
  • The EURUSD defended 1.118 again, which is a positive sign for dollar. The price created a long head on the daily candle again, which shows us the bearish determination to keep the price lower. As long as we stay below the yellow area, the signal to go short is ON.
  • Negative setup can also be seen on the EURCHF. Yesterday, the price failed to break the neckline of the double bottom formation, which could have been a trigger to go long. Instead of this, we witnessed a bounce and the price making new midterm lows. As long as we stay below the black line, the EURCHF should continue to fall.

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!


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.