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

EUR/USD

Friday ended with a formed pinbar below local resistance zone. With a current, bearish momentum and longer term trend it might look like a good signal to sell the pair. With a probable range at last low you might consider selling EUR/USD at current levels, but be aware of possible continuation of todays correction. 12

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GBP/USD

Cable provides another clear signal. If the daily candle closes at the current shape, it will be pretty obvious that bears will have GBP/USD under control. Probable pinbar right below key supply zone with a wider bearish trend is worth considering. 22

GBP/CAD

Also GBP cross with CAD points at probable GBP selloff. Pinbar candle is creating below supply zone, with a wider, bearish tendency – it would be a third lower high since August 23th. On the other hand longer term is still bullish but looking at similarity of both bullish corrections (remember the shape of 100% pattern?) there is still chance for GBP/CAD going south. 32

CHF/JPY

There is almost no charts with CHF in these texts, so we can attempt to look for some signals at CHF pairs. Today, we found a late signal from last Thursday, surprisingly still active. A pinbar showed up on chart, right above demand zone. There is possibility that this candle is fakey – a fake bullish signal. We can’t be sure, but the is a chance for correction of CHF/JPY. Longterm trend is still bearish, so stay focus and react if the demand shows up. 41

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