FreshForex - Analytics

    FreshForex

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    Analysis of Friday closure

    Day chart: ADX is active, so there is no hope to stop bears. The pair will show a 6-th figure. A small correction can appear because of oversold situation.

    Analysis of Friday closure

    Н4: breakthrough of lower Bollinger envelope, then a bullish IB – a roll back may appear to middle Bollinger band (1.0878) before new decrease wave.

    Analysis of Friday closure

    Н1: more local resistance level - 1.0816. Intraday support is 1.0685 (bottom Bollinger band).

    Analysis of Friday closure

    Expectations: Main plan – roll back to 1.0816 and then new decline to 1.0685 The alternative plan – a direct decrease to 6th figure without any rollback. Trading solutions: 1) Wait for correction to 1.0816 and sell to 1.0685


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