Technical analysis trending tools on 5.04.2018

Hello. Below are a few recommendations for trading in the Forex market on 5.04.2018


On a pair USDCAD were the basis of the figures Head and Shoulders. it would be nice to see a pullback back to make sure that the breakout is not false and to go into sales with the expectation of a long down trend. Look here to sales.


On a pair NZDUSD went over the top of the triangle. The preponderance of transactions just in sales, so the probability of the growth increases. Look here to buy on a pullback.

Open orders big banks

Briefly about changes in open orders banks:

JP Morgan closed a buy EUR/AUD(+101пп)
Citi opened a Buy on NZD/JPY, Credit Suisse Sell EUR/GBP
Thomson Reuters IFR has placed a few limit orders, one of them on USD/JPY already triggered.
For a schematic visualization shows that banks agree in opinion on the direction for many couples. You should pay attention to the direction of transactions and to take this into account when trading.

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