AUDJPY

Pair broke key support and fell in direction of another. If there will be any bullish correction it will be great opportunity to open shorts consistent with the trend.

AUDJPYDaily-1-6-2016-1024x500

AUDUSD

This pair reached to the support too. Aussie is in steady bullish trend since August which should be assumed as a correction of earlier decreases. When we look at daily chart we can look for a chance to open long position, but we need buy signal on the daily chart because momentum is clearly bearish.

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AUDUSDDaily-1-6-2016-1024x500

EURCAD

Buy signal on this pair. Trend is bullish, but last sessions were full of decreases which brought the pair to the support. Here we can see clear Outside Bar signal. Bullish trend covers the bearish one before. I set buy limit order on 50% retracement of the signal candle and SL below its low.

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EURCADH4-1-6-2016-1024x500

EURUSD

Eurodollar broke support and yesterday’s session ended clearly below, this changes sentiment to bearish. Now I will wait for bullish correction which will test support from below (now resistance) and after sell signal on H4 or D1 chart I will open shorts.

EURUSDDaily-1-6-2016-1024x500

GBPJPY

Similar situation here. Support was broke, now it should become resistance. Another support is about 500 pips lower so potential is big. It is worth to wait for bullish correction and open shorts.

GBPJPYDaily-1-6-2016-1024x500

USDJPY

Support is still defended on this pair. If there will be some buy signal we can consider opening long position.

USDJPYDaily-1-6-2016-1024x500

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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.