Friday’s data introduced a little chaos on the markets. I said in the morning that I quit trading this day and it was good decision. Of course people betting against USD earned, but it is just simple roulette, not something I look for on the markets.

AUDNZD

Pair decreased to key support level and Pin Bar showed up. Even that its body Is bearish, it is correct buy signal. Some bearish correction would be nice, then we can open long position with smaller SL.

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AUDNZDDaily-6-5-2016

EURJPY

This pair is below key support. It is worth to watch both H4 and D1 charts looking for sell signals. We have at least 200 pips to another support, if Stop Loss will be good, we can open short position.

EURJPYDaily-6-5-2016

EURUSD

Eurodollar shoot up after Friday’s NFP data. We just have to wait for development of the situation. If there will be any bearish correction we should consider long position.

EURUSDDaily-6-5-2016

GBPAUD

Fortunately GBP pairs didn’t give buy signal – they all depreciated. On GBPAUD price is getting close to another support. If there will be any buy signal we can think about long position. However sentiment on the pair changed, we can also open short position.

GBPAUDDaily-6-5-2016

USDJPY

Unfortunately there was no signal to open short position over here. Now price is going in direction of important support and if there will be any buy signal on the daily chart we can consider opening long position. In case of breaking it sentiment will change to bearish.

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USDJPYDaily-6-5-2016

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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.