Hello. Below are a few recommendations for trading in the Forex market on 24.01.2020
EURUSD
EURUSD held the base of the figure Head and Shoulders, and formed on the breakdown pattern of Absorption. Hurry up sales will not. I will look for a signal on the retracement back to the area 1,1072. The preponderance of buyers in the statistics of transactions adds confidence that we will continue to fall.
GBPUSD
On GBPUSD it is impossible to leave in a good trend and it looks like we will move in a small flat. Today I received the pattern inside bar. Support but I not found. Probably will continue the growth to 1,32000. Transactions here are not considered.
AUDUSD
On AUDUSD formed another Doji pattern in the area of the trendline. In General, nothing has changed. I’d like to see resumption of growth next trend. But confused by a large preponderance of buyers in the statistics transactions. Still just watch. In General, is configured to purchase and watch them. Sales will look after the breakout of the trendline.
USDCAD
On a pair USDCAD failed with the continuation of the down trend. And the price went up 1.3100. Today formed a pattern Pin-bar, but the reference pattern do not see any. May go down in a correction to a previously punched level and will continue to grow. Transactions here are not considered.