It's our 19th anniversary!

Daily analytical report (08/11/18)

Tomasz Wisniewski
0
Loading...
Data cannot be shown.

  • Wednesday was a bit tense for the USD. During the first part of the day, we experienced a significant weakness on the part of the Greenback, and in the second half of the day we got a proper rise in the value of the American currency. Thanks to this, DXY is giving us a sweet buy signal. The price bounced from the long-term upwards trend line and denied the H&S pattern. What is more, we are very close to breaking the upper line of the wedge. Sentiment is positive.
  • A similar setup can be seen on USDCHF, where the price created the head and shoulders pattern. The neckline was broken yesterday, but now we all know that it was a false breakout. That should result in a further rise. When trading USD today, do not forget about the FOMC later this evening.
  • One of the most impressive upswings yesterday could be seen in the US session. In today's video we have the SP500, which managed to break the neckline of the iH&S formation. What is more, we additionally came back above the upwards trend line. The short-term momentum is extremely bullish, but the same happened here at the beginning of the year, so a further mid-term slide is still on the table.
07 November, 14:37 (GMT+3)
Daily analytical report (07/11/18)
09 November, 10:33 (GMT+3)
EURUSD: breakout of the upwards channel

Attention:

Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

More reviews from the analyst

Tomasz Wisniewski
14 January, 18:00 (GMT+3)
Gold starts 2019 on the front foot
14 January, 16:28 (GMT+3)
GBPUSD: the buy signal is confirmed
14 January, 13:20 (GMT+3)
EURGBP escapes from the rectangle

Our analysts

Alexander Razuvaev
Alexander Razuvaev

Director of Alpari's analytical department

## ojimadu name
## ojimadu name

## ojimadu position

Vadim Iossub
Vadim Iossub

Senior Alpari analyst

See all analysts
Back to top