FreshForex - Analytics

    FreshForex

    629.75 7.75/10
    65% of positive reviews
    Real

    Only sales, but potential of movement is limited

    The daily chart: a breakthrough from accumulation was shaped, but ADX did not reach the trend value. Therefore, we're waiting for continuation of decline, but so far no farther than the middle Bollinger band (1.5293)

    Н4: the price shows bearish momentum, but flat market conditions will restrain decline

    Н1: similar situation. It is safe to wait for the new local Low, but pullbacks under the bottom envelope (up to 1.5436) also can happen

    Expectations:

    solutions: Sell (from the area 1.5436) to 1.5293


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