Daily analytical report (14/09/18)

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Alpari Market Review
Alpari Market Review

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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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