Daily analytical report (14/09/18)

2018-09-14T13:40:02
  • GBPCAD is tricky! First, we had two shooting stars bouncing form an important resistance, then a dark cloud cover pattern, and then a breakout of the support. None of those gave a proper trading signal. They were fake. Currently the price is aiming higher and is about to test the major resistance again.
  • NZCAD is aiming at the resistance after the price created a second pennant in the past few weeks. Short-term bullish sentiment is very probable, but the long-term negative approach remains intact.
  • DAX bounced from the long-term neckline of the giant H&S pattern. That delays the sell signal, but just for a while. Currently, the price is challenging a major mid-term resistance and it is highly likely that we will see a bounce here and another bearish wave.

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