AUDNZD

AUDNZDDaily-6-2-2016-768x376@2x

Pair approaches key support level. If purchase signal occurs, we will be able to open long position. It has to be noted however, that sentiment is downward and so much better scenario should occur after breaking below the zone and re-testing it from below. Then we will look for sell signals at H4 chart.

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EURUSD

EURUSDDaily-6-2-2016-768x376@2x

Eurodollar rocketed during yesterday’s session and reached resistance zone. I will observe H4 and D1 charts looking for sell signals according to current momentum.

GBPAUD

GBPAUDH4-6-2-2016-768x376@2x

First pair with British pound where possible purchase signal may occur. H4 shows that declines may be over. If decent signal shows up, I will definitely buy the asset.

GBPCAD

GBPCADDaily-6-2-2016-768x376@2x

Another potential purchase signal. I would suggest to choose only 2 best looking pound pairs – this month referendum can still produce unprecedented moves and too high exposition may be a bad thing.

GBCHF

GBPCHFDaily-6-2-2016-768x376@2x

And the last pair with British pound. Currently it approached support zone where purchase signal also can be produced.

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.