August
12
23:21
Forex Analysis

Review of the Forex currency market on 05/08/2014

Hello, below is some advice on forex trading on 8.05.2014

EURUSD

erusdaili 8052014

price of EURUSD pair is not able to go to pass the resistance level of 1.39406 and formed a pattern of inner bar.Most market participants have already begun to carry out transactions on the market in the hope of reversal.Probably a small downward correction will follow, and then continue to grow with the attempt to pass the leve

l.The deal on the rules of the pattern is recommended to go gently.

USDCHF

yusdhfdaili 8052014

on a pair of USDCHF price could not update the last local minimum and bounced pattern forming inner bar.Probably we can expect an upward correction.The deal on the pattern recommended go gently.

GBPJPY

gbpzhpidaili 8052014

price for a pair GBPJPY has once again failed to overcome the resistance level of 172.828, and formed a Doji pattern.The pattern indicates uncertainty in market sentiment, and the ratio of the open positions of market participants is confirmed.Perhaps once again adjust the price down before another attempt to pass the level.The transaction is recommended to go by the rules of the pattern.