Daily technical analysis for 12.02.2020

Hello. Below are a few recommendations for trading in the Forex market on 12.02.2020


EURUSD came down to the 1.0900 level and formed a pattern Doji. In the statistics of transactions is still a big advantage buyers. But I think that you should wait for a correction upwards, after a good fall. The expected course of the correction to 1.1000 level, but can finish earlier. Purchase here will not open, because they are against the trend.


On the USDCHF failed to go beyond the upper bound of the sideways 0,9766, and bounced formed a pattern of Absorption. It seems that the strength to go up and not scored and can resume falling back to the lower boundary. Consider there sales.


On a pair USDCAD continue to move around 1,3300 and formed the pattern of Absorption. It seems that the downward correction will take place. But the fact that it will be long, no doubt. In statistics deals to a preponderance of sellers, and due to them probably continue the up trend. Sales do not see here.

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