Interesting for Trading on 5.05.2026
Hello. Below will be several recommendations for trading on the Forex market for 5.05.2026
USDCHF
On the USDCHF pair, equal lows of 0,7775 were left below, which look like an excellent target for an impulse downward. We have now pulled back into a fairly wide FVG 0,7830 and the move may be corrective. I will watch how we move inside it and will try to look for intraday sells. In the trade statistics, buyers are just in the majority, and behind their stops we can drop below the lows of 0,7755.
NZDUSD
On NZDUSD, the price does not want to leave the sideways range, and the upper boundary of 0,5929 has remained perfectly flat and untouched. And of course I would like to see a move above it. But here the sideways range is very narrow, and it is not clear where buys can be looked for. Therefore I will probably stay out of trades for now. If we reach the level of 0,5785, I will think about buy trades. I do not want to trade inside the sideways range.
Respectfully, Artem aka TeaDrinker
USDCHF equal lows 0,7775 stay in focus as price retraces into the 0,7830 FVG, while NZDUSD remains trapped in a narrow range with 0,5785 eyed for buys.