Hello Traders, what’s going on market after US closing? 😉
EUR/GBP
After really strong bullish impulse last week, we’re witnessing creating a pinbar at support zone. It all depends if the bullish relief after Thurdays EBC is going to last for a couple of days more, or if it is a one time accident. If todays candle stays in its current shape, going long from these level wouldn’t be a mistake – momentum is still strongly bullish.
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AUD/JPY
We had a bearish correction today on AUD/JPY chart. Tomorrow, or day after tomorrow price should meet green support area. You should look for a buying signal there, because trend is quite firm.
CAD/CHF
Last week we’ve seen a breakthrough of local support zone, and probably change of mid-term trend. Fridays pinbar only made us sure that falls are going to be continued. Todays candle is long and black, which means supply get over the pair, selling is still recommended.