Forex Analysis

Forex Market Overview on 04/04/2013

Hello, below is some advice on trading on 4.04.2013


As expected, the price has made another attempt to pass the resistance level of 1.04744.To gain a foothold above the level of the price it failed and formed a pattern Pin Bar.It is likely to be downward correction before another attempt to break the resistance.Pattern against the trend, so it is recommended to consider the sale carefully.The transaction log according to the rules of the pattern.


on a pair NZDUSD price formed a Doji pattern, on a pullback to the broken edge of the channel.Most likely continue to move up to the nearest resistance level 0.84806.The transaction log according to the rules of the pattern.


On USDCAD pair price formed a Doji pattern.What is a support for the pattern is not visible, so most likely will continue to move downward trend.Can a small correction to the district level 1.01670.The transaction is recommended to go with the trend, according to the rules of the pattern.


As can be seen on the weekly chart of silver, the price is suitable to the area of ​​the global minima and strong level of prices in the region of 26.61.On the daily charts, the price of formed pin-bar level 26.61 and the border of the descending channel area.With such powerful supports possible beginning of a trend reversal.Sales recommended to close or transfer to breakeven.Shopping consider carefully becausethe underlying trend is still down.