Daily analytical report (21/06/18)

2018-06-21T13:27:15
  • The USDCHF pair is very close to a major buy signal. Positive sentiment is supported by the bullish flag and then by the rising pressure on the horizontal resistance. A breakout looks imminent.
  • The GBPCAD pair is inside of the flag, bouncing from the 38.2% Fibonacci level. For a sell signal, we'll need to see a breakout of the combination of a dynamic (lower line of the flag) and a horizontal support (1.743).
  • And lastly, the GBPJPY has finally gone lower. On the daily chart, the sell setup that we were talking about looked super strong. We had to wait a bit, but it did not disappoint sellers. Most recently, we had a small bullish flag, which resulted in a bearish breakout. The sell signal has returned once more.

 

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