Daily analytical report (30/08/18)

2018-08-30T14:20:10
  • NZDUSD bounced from a very important resistance created by the mid-term horizontal line and the correction equality pattern. The bounce was done with style, as the price created a double top formation. The path towards new lows is all clear.
  • GBPUSD reached a combination of two super important resistances. The first one is the mid-term downwards trend line, which is connecting recent lower highs, and the second one is the long-term horizontal line, which previously worked 4 times as a support. However, the fact that we are here is not enough to sell. I recommend waiting for the bearish price action first.
  • USDJPY broke the upper line of the sideways trend and a mid-term horizontal resistance, thus sending the buy signal. Currently, we have a bearish correction, however it should end soon. Sentiment remains positive.

Latest reviews

Everyone has the chance to make a profit

You don't need to trade on your own to make a profit. Make a profit by entrusting your funds to experienced traders!

Register