Daily analytical report (09/12/16)

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Oil is denying the short term signal from the H&S formation as traders are optimistic about the OPEC meeting in Vienna.

USDCAD creating a chance for a further bearish movement with a very technical situation.

AUDUSD defending the 0.75 resistance for the 7th time.

AUDCAD with a short term selling opportunity, with the price approaching lower line of the rectangle from the bottom.

Silver much stronger than gold. Gold to silver ratio close to yearly lows.

EURUSD on a roller-coaster this week: from a major upswing (referendum) to a downswing (dovish ECB). Both happened at important S/R levels.

AUDJPY close to the long-term horizontal resistance. Possible reversal. The same goes with USDJPY. Yen can gain a few pips in the next week.

Source:: Daily analytical report (09/12/16)

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