AUDJPY

Price broke above resistance and managed to close the daily candle with gains. It is a sign of change of short term trend and gives opportunity to look for long positions if there will be re-test from above. I still have short opened, but there is nothing I can do.

AUDJPYDaily-6-pazdzienrika-2015-1024x501 (1)

AUDNZD

On this pair support clearly worked and there was dynamic rebound. It all happened in the middle of the night so I had no opportunity to open long position. If there will be any bearish correction it will be worth to look for short positions.

AUDNZDDaily-6-pazdziernika-2015-1024x501

EURCAD

This pair is testing support and it is worth to look for some opportunities to open long positions after some Price Action signal (signals are described in the article at the bottom of this analysis). If there will be break and daily candle will close below, it will mean change of trend and playing short positions.

EURCADH4-6-pazdziernika-2015-1024x501

GBPAUD

GBPAUD clearly broke support, but we still need close of the current candle below it. We have no idea how this session will end, because going above mentioned level can give some buy signal. This is why we should only play on the basis of closed candles.

GBPAUDDaily-6-pazdziernika-2015-1024x501

GBPCAD

Yesterday there was huge sellout on this pair, which led it to the next support. If there will be any buy signal we can open long positions which still will be consistent with long term trend.

GBPCADDaily-6-pazdziernika-2015-1024x501

NZDUSD

The pair broke resistance and it seems like we are waiting for some correction. The best opportunity will be after re-test this level from above. Then we should look for some signals on H4 chart. You can start using Price Action and invest on Forex market using free XM broker account.

NZDUSDDaily-6-pazdziernika-2015-1024x501

USDJPY

Yesterday finally there was a break from triangle pattern. Unfortunately it is not convincing because it was not some dynamic move. We still have to wait.

USDJPYDaily-6-pazdziernika-2015-1024x501

If you are interested in Price Action Strategy description, you can read it here.

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.