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Daily analytical report (24/08/17)

  • The Jackson Hole Symposium has started and volatility has sort of disappeared. Luckily, we were still able to find some decent trading setups for you.
  • We will start with the Cable, which we mentioned in our previous analysis, highlighting the 38.2% Fibonacci as a potential support and a good place for a bounce. That is exactly what happened today. The closest resistance is the 1.285.
  • Next up is EURUSD, which will most probably test the 1.183 resistance soon, even despite today's drop. The positive sentiment is supported by the flag and the iH&S formation.
  • Our last trading opportunity is on the NZDUSD pair, which broke the neckline of the H&S formation, but this breakout is not very convincing. I think that patience will be rewarded here and there is no reason to enter without better confirmation.

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