Daily analytical report (21/09/18)

Tomasz Wiśniewski

Chief analyst at Alpari Research & Analysis
  • At last, the indecisive EURUSD has made a decision! After few days of waiting, the price has broken the upper line of the sideways trend. Actually, EURUSD broke three important resistances in one movement: the dynamic downwards trend line, 1.172, and 1.174. The buy signal is on and we should continue this rise in the foreseeable future!
  • SP500 also surged, but here, it soared to new all-time highs! Everything started with a V-shape reversal from the upwards trend line – a typical movement for American traders. After this, the price used the momentum to break the dynamic and horizontal resistances. I am sure that this won't be the last time that we see new all-time highs here.
  • GBPNZD has finally gone deeper. Currently, we are testing the 38.2% Fibonacci, but there is a chance that we will go even lower – to 50%. Any bullish reversal pattern there will be a great buying opportunity.

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