Daily analytical report (18/10/16)

2016-10-18T16:16:24

18 October

Calm start to the week with stocks taking the large part of interest as earnings from US companies are coming through.
Gold is defending the 1250 USD/oz and bounces from the 39.2% Fibo.
Silver looks more bearish as is still under the resistance.
After breaking the long term support, EURAUD is the place for sellers.
USDCAD is going lower in a long-term wedge formation after it bounced from a local resistance.
AUDUSD going higher after the daily hammer bouncing from the trend line on 13^th October.
SP500 approaching the local neck line of the iH&S on the hourly chart.