Analytical review of the trending tools to 16.12.2019

Hello. Below are a few recommendations for trading in the Forex market on 16.12.2019


EURUSD went to level 1,12000 and bounced formed a pattern Pin-bar. Probably worth waiting for a small correction down, after which we will try to resume growth and continue the upward trend. Until you update the last local minimum, then the sale will not be considered.


On GBPUSD the Pin bar on the level 1,34000. Probably will be adjusted down to the trend line, and try to close the gap. Confused only a large number of sellers in the statistics of transactions that may hinder such a long correction.


On USDJPY stopped once again at the level of 109,500 and formed a pattern Doji. It seems that in order to maintain the growth is not enough and will continue to move sideways. Wait here drop to 108,500-108,00. And at these levels will see new deals.


On a pair NZDUSD also a pattern Pin-bar under the level 0,6600. Probably, after good growth, start a correction down to the area 0,64400 and trend line. The course prices are pretty good, and you can try to go into sales. But do not forget that the deal is against the trend.


EURJPY as Pin bar. To the level of resistance 122,86 almost made it. Obviously, there are also possible downward correction. I don’t think it will be long, will begin to look at purchases in the area 121,08 below.

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