Hello. Below are a few recommendations for trading in the Forex market on 29.03.2018
EURAUD
On the EURAUD pair rebounded from the level of 1,6130 and formed a pattern of Rails. Probably worth waiting for the correction to the area 1,59200. And then, probably, will continue the growth further, according to the trend. Sales here do not consider, as they are against the trend.
AUDCHF
On the pair AUDCHF formed a pattern of Rails bounced once again from 0.7300. Probably down the price is not allowed, and will continue a sideways trend between 0.7400 and rallies around 0.7300. Purchase here, do not consider too small the price move up to resistance level.
Open orders big banks
Briefly about changes in open orders banks:
Thomson Reuters IFR and Barclays was closed in a minus on trades on USD/JPY and AUD/JPY.
Credit Agricole has closed a buy EUR/CHF +288пп
New orders didn’t come today. Changed some old ones.
For a schematic visualization of the currency pairs, it is seen that the directions of all the banks decided the same way. When trading in the medium term, it is possible to take these trends into account.
