Advertisement
Advertisement

USD pushes higher. EURAUD with a false bearish breakout and a buy signal!

By:
Tomasz Wiśniewski
Published: Jul 19, 2018, 09:24 UTC

USDJPY, after breaking major resistances, is having a very technical upswing. The price created a pennant and a wedge, the strong buy signal is ON. EURUSD

Us dollar

USDJPY, after breaking major resistances, is having a very technical upswing. The price created a pennant and a wedge, the strong buy signal is ON.

EURUSD is waiting for a breakout of the mid-term support, which can give us a 100 pips drop. Watch out for the long-term head and shoulders pattern, that can be huge!

EURAUD created a false breakout pattern. The price broke the 50% Fibo but came back above. That is a good buying opportunity.

This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis

About the Author

During his career, Tomasz has held over 400 webinars, live seminars and lectures across Poland. He is also an academic lecturer at Kozminski University. In his previous work, Tomasz initiated live trading programs, where he traded on real accounts, showing his transactions, providing signals and special webinars for his clients.

Did you find this article useful?

Advertisement