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

AUD/JPY

For second time in row, AUD/JPY is going to create a pinbar on daily chart. Todays candle is right below a liitle bit contrived resistance marked green, but if we would look at W1 chart, we should easily get a clearer view of this situation. Going short is still worth considering, even if it’s counter trend.

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NZD/JPY

Similar situation as on AUD/JPY. We will probably get a pinbar candle on daily chart which might consider as a sell signal. Additionally, we’ve got a clear resistance zone at last highs levels. If we decide on going short, reasonable target should be around 80.00 level.

AUD/CAD

An occassion to go long on australian dollar has also showed up, specially versus CAD. Strong bullish candle broke resistance area at last highs. Yesterday was a correction day, and if todays candle stays it shape, we will have bullish engulfing above support zone. Target is probably March high at 0.9880 level.