Daily analytical report (28/06/18)

Alpari Market Review
Alpari Market Review

The head and shoulders model on the EURUSD pair from yesterday worked like a charm, allowing it to shed 100 pips. That was a beautiful setup straight from the Price Action Bible. Now, the price is aiming the horizontal support around 1.151 and chances that we will get there are very high.

Silver broke the long-term upwards trend line and the lower line of the triangle pattern at the same time. What is more, we broke the horizontal support and are now testing it as the closest resistance. Sentiment is negative and that is a proper sell signal.

USDCAD has a chance of making a double top formation. The place for that is not random as we are bouncing from the 23.6% Fibo and the price has made a correction equality pattern. The sell signal will be triggered if the price breaks the neckline marked in blue.

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