Market overview on 16.05.2018

Hello. Below are a few recommendations for trading in the Forex market on 16.05.2018


USDCHF pair on continue to move on the 1.0000 and formed a pattern Doji. Trade statistics says that the majority of actively sells. Probably worth to wait for growth to continue to trend upwards. Big correction down will probably not. Consider purchase here.


On EURJPY formed a second pattern Pin-bar. Pattern without any support hangs in the air so that transactions to consider here is not worth it. May have finished the correction and then continue falling trying to break the support 129,87.

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