Daily analytical report (18/07/18)

2018-07-18T13:37:04
  • GBP has slid further following fresh CPI data from the UK. With regards to the GBPCAD pair, this helps to break the long-term upwards trend line and the lower line of the rectangle. That is a strong sell signal.
  • The AUDJPY pair created two shooting stars on the daily chart, and a head and shoulders formation has appeared on the H4. We've already broken the neckline and the sell signal is ON.
  • The USDCAD pair created an inverse head and shoulders formation on the long-term upwards trend line. As the neckline was already broken, this has created a good buying opportunity.

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