Daily Forex analysis on 21.08.2023

Hello. Below are some recommendations for trading in the Forex market on 08/21/2023


On Steam EURUSD drawn Doji pattern on Friday. In general, nothing has changed. I think that we will continue to move down under the lows of 1.0835. There is a slight preponderance of buyers in the transaction statistics, which should contribute to the fall. If at the beginning of the week we roll back to the 1.0927 area, I will look inside the selling day, with the expectation of a downward movement.


On USDCAD, the Doji pattern is the same and the price completely blocked FVG. The whole of August showed a really good almost non-recoil growth, and it seems like a good place will roll back. I see targets for rollbacks only in the area of ​​1.3437 and 1.3393. Judging by the statistics of transactions and the preponderance of sellers, we will hardly go lower. At these levels, you can look for purchases, with targets beyond the highs of 1.3655.

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