There is a lot happening in the markets recently, due to strong Friday’s corrections, which approached key zones. On several currency pairs we have seen nice signals yesterday, and few are possible today:

AUD/NZD:

Yesterday pin-bar candle after support test (previously resistance), triggered and the pair is now more than 70 pips higher. Setup could have been realized earlier – with buying at 50% of pin-bar candle abolition and opening the position with stop loss of less than 10 pips. For now, you have to wait for the resistance challenge.

EUR/USD:

Eurodollar tested the 1.3900 area and almost to the very pip the support created by top from April 11. You can search for input signals at this level – using the H4 and H4 chart. Investors are talking a lot about the possible move to 1.4000 and it seems quite likely. Given the low volatility of the EUR/USD, position may have a really good profit-to-risk ratio.

GBP/AUD:

A strong correction pulled the cross back below the last support and tested the another one. On the H1 chart we can clearly seen the pin-bar candle, which can be used to open position against the last momentum. It should be remembered, that such positions are risky, due to having a small SL. However, the daily chart is clearly upward one, so this move should be treated as a correction.

NZD/USD:

Kiwi, which was growing for six consecutive session, yesterday took a big correction. As expected, currency pair stopped at the first strong support. In its vicinity, it is worth to look for input signals, which will be consistent with the undergoing trend.

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