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

USD/JPY

Price oscillate near resistance zone for a while. Wider trend is still bearish so todays pinbar is pretty to little to play short right now. But maybe, there’s might be  correction of last moves on USD/JPY, if so range of probable falls is quite impresive.

USD/CAD

There is a pinbar creating below resistance zone. Shamefully it wasn’t false break, which would definitely strenghten this signal, which is counter-trend by the way. Probable target for falls isn’t very impresive though.

GBP/AUD

Support has been dramatically broken last Friday, and today we can spot a pinbar right below past support (and now resistance) zone. Target for bears will be probably around last low, but like on USD/CAD, short positions from current levels might have poor RR ratio.

GBP/CAD

Much more interesting situatuon had been drawn on GBP/CAD. There is a pinbar in a clear resistance zone, which had already stopped price couple of times. Since August we’re in downtrend, and RR ratio in this case is pretty good. If price don’t change dramatically, it will be one of the most interesting sell signals today.

AUD/CHF

Last Friday price got through key resistance zone, which became support afterwards. Today we’ve got a small correction on AUD/CHF, and it seems that on daily chart pinbar has formed. If it stays at current shape, we can consider opening long position on this pair, because current trend is pretty bulish.

CAD/CHF

There is pinbar creating above local support zone. We’ve got also a trend line near the price and bullish wider trend. To sum up, we might consider buyin CAD/CHF right now.