Forex technical analysis on 11.05.2018

Hello. Below are a few recommendations for trading in the Forex market on 11.05.2018


On GBPUSD formed another pattern Doji below the level of 1,3600. According to the statistics of transactions shows that the majority buys and is set to increase. I think that you should wait for the continuation of the fall trend. I think that’s a sales order 1,33000.


On a pair NZDUSD formed a pattern Pin-bar. Bearing the pattern is weak in the level of 0,6900. For deals the advantage on the buyers side. Think a little eccorrections up, and then continue falling. The purchase pattern is not considered, because they are against the trend.


On EURGBP pair has resumed upward movement from the level 0,87500. Absorption complete and proper then did not work. But I think you should look at buying, as correction after the pattern Head and Shoulders seems to complete.

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