Forex comentary

On todays session we can see, there's no much movement in the market, everyone is waiting to get the results of the stress test that are going to be announced by the end of the trading session. Markets are not moving much so here are a few pointers.

Silver is made a nice bullish rally helped by the bullish pin bar 3 days ago, it was helped with crossing moving averages, at the top of this rally we can see there is a bearish pin bar which is telling us a possible correction or turn is approaching.

Swiss franc is making historic lows nonstop, the currency is being trading in a channel foor the last 5 months, good trading opportunities in this channel for those who like to trade them.

Aussie dollar is trading on a lateral channel for the last 2 months with a swing of about 350 pips, bear in mind that the channel can break anytime, keep a close look at this market to spot some trading opportunities.

British pound is trading very similar to the euro, remember they are very well correlated, a clear downtrend domains the market, we want to see a bearish signal close to the trendline for a possible entrance to the trade.

Sugar has also made a bearish pin bar which is probably more a correction than a turn, target is at around 31.00, look for bullish set up to enter the market.

Thanks