We can say: finally! Finally, something started to move on the markets – lastly there were not to kind for traders who are typical trend-followers. For sure the consolidation strategies were making a great work. But now there is a time to catch bigger movements and try positions pyramiding.
AUD/NZD:
New Zealand dollar is really week in recent days. It took the AUD/NZD to the highest levels since February and what is more, price is just below the maximum from February 4th. After successful attack, AUD/NZD will be on the record level in this year. It is worth to play only long positions – correction near the 1.0915 zone with simultaneous PA signal will be a great occasion to play in accordance to current trend.
AUD/USD:
Australian dollar is getting stronger. Aussie broke resistance of 6-day consolidation and now has got opportunities to upward rally. Pin-bar from May 21 have a purchase signal and during last days there were lots of another occasion to open positions – e.g. on the 50% of the pin-bar abolition or even lower which gave really small S/L.
EUR/JPY:
Cross fell below the support and closed there, which may indicate further decreases. Long pin-bar candle from May 21st was abolished in more than 50%. We have to remember that such trade will trend-opposite and chances of success are not too big – from the other side potential r/r is huge.
GBP/CAD:
Pound is extremely weak in this week. On the pair with Canadian dollar it approached key support. Taking into the account, that is capped in broad consolidation for months, it may indicate a rebound. In the case of clear purchase signal we can think about long positioning.
GBP/USD:
Cable also fell below the support. Momentum is clearly downward, but it is worth to observe support level – long-term trend is still going up, so potential purchase will be trade in accordance to it.
NZD/USD:
Kiwi broke key support. Not much lower we have another one – weaker – but such breakout showed clearly, that there may be a deeper correction. 0.8512 test from the bottom with sell signal in the same time will be a great opportunity to open short positions.
