Hello. Below are a few recommendations for trading in the Forex market on 8.05.2020
EURUSD
EURUSD as expected bounced from the level of the 1.0800 and formed pattern Inner bar. I think that you should wait for the continuation of the sideways movement and growth in the area at 1.1000. Look here to purchase.
USDCHF
On USDCHF stopped at 0,97500 and formed a pattern Pin-bar. It seems that the forces go up missing and will resume the fall back to 0,96000. Look here to sales.
GBPUSD
On GBPUSD Doji pattern, but the level 1,2200 almost made it. Then the transaction will not seek, have pattern, no support, and can a little more down to the support level. Watching the development of the situation.
USDCAD
On a pair USDCAD price formed a pattern of Absorption bounced off the upper boundary of the sideways 1,4200. Half way of the sideways pass, therefore, to enter into sale here not see the point. We expect the fall in district 1,38500, and there I will have to monitor the situation.
EURJPY
On EURJPY formed the pattern of Internal bar at the level of 114,79. Probably move up the price after the breakdown level 116,060. Expect a slight increase to the resistance level, and is there going to seek sale, with the expectation of a continuation of the down trend.
XAUUSD
The Gold price rebounded from the level of 1688,85 and formed the pattern of Absorption. I would like to think that this is not a continuation of the flat, but a signal to purchases and growth in the district 1788,52. Look here to purchase.