Overview of the Forex currency market on 31.08.2023

Hello. Below are some recommendations when trading in the Forex market on 08/31/2023


USDCHF reached targets in the form of nearest lows and formed Doji pattern. In the statistics of transactions, there is a very good preponderance of buyers and I don’t really want to consider purchases directly. If we go up. then I'll look at sales in the 0.8817 area, with the expectation of a further fall to the 0.8689 area.


On Silver, they reached the level of 24.83 and rebounded to form a Pin-bar pattern. After a good growth, a downward correction is quite logical. I would set the first correction targets at 24.34, and then the middle of FVG 23.73. But in general, I would like to see here the continuation of growth and the removal of the highs of 26.11, but this is definitely not this week.

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