FreshForex - Analytics


    644.75 7.75/10
    65% of positive reviews

    Premarket view on the Yen

    Daily chart: the middle Bollinger band is keeping the bullish trend, so there is a probability of a further growth to the upper band (124.16). ADX parameters are weak, so this scenario is likely to be stretched for one day.

    Н4: horizontal flat envelopes with weak ADX. We look forward to roll back to the bottom Bollinger band (122.34) and the continuation of Fat in the range 122.34-122.84

    Н1: technical correction down. Support zone 122.59-122.65 is waiting for the pair. Resistance is located in the zone of the upper Bollinger band (122.92)

    Expectations: roll back down to 122.59 and then rebound to 122.92. Trading solutions: purchase from 122.59 to 122.92

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree