Daily analytical report (19/07/18)

2018-07-19T13:07:02
  • USDJPY, after breaking major resistances, is having a very technical upswing. The price created a pennant and a wedge. This is a strong buy signal.
  • EURUSD is waiting for a breakout of the mid-term support, which could give us a 100-pip drop. Watch out for the long-term head and shoulders pattern - that could be huge!
  • EURAUD created a false breakout pattern. The price broke the 50% Fibo, but then came back above, thus creating a good buying opportunity.

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