Hello Traders, what’s going on market after US closing?

GBP/USD

It might be a retest of last low. There might be a chance of creating a pinbar, right below such a resistance zone. If so, it would be a great sell signal. But remember, that tommorow we will meet some data from BoE, so technical analysis might give false impression of reality.

AUD/JPY

We wrote about it couple of times, but situation needs explanation. We can barely see another bearish pinbar, which means that selling is still in favor.

AUD/USD

Very interesting situation occurs at chart of AUD/USD. We can spot two almost pinbars, which mergered would give us beautiful bearish pinbar. Selling the pair would be compatible with current momentum and probable range is marked with red line.

AUD/NZD

We mentioned this pair couple of times. Although some serious gains appeared on chart, situation is still quite bearish for us. Supply had stopped demand at key resistance level, and we can count on pinbar after this day. Focusing at these long white candles, last one could make some mess at chart, but looking at previous ones we can see, that such movements were followed by bigger falls. Sometimes, such big candle is based on euphoria or fear, big guys waits for them to use them.