Daily technical analysis for 5.05.2020

Hello. Below are a few recommendations for trading in the Forex market on 5.05.2020


On USDCHF pair price formed a pattern of Internal bar at the level 0,9600. It seems that going sideways, and expect the resumption of growth to 0,97500. Transactions here are not considered, the course of prices is not great.


On a pair USDCAD price formed a pattern Doji. To the upper border of the sideways 1,4200 not reached. So no deal here to consider is not necessary, the pattern there is no support. Further movement is not yet clear. I do not exclude that will go up to the level, Bouncing off and continue sideways. While you are just watching the situation.

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