FreshForex - Analytics

    FreshForex

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    Correction on the background of convergence of RSI

    Daily chart: trending bearish pressure from ADX.

    Н4: we notice bullish convergence of the oscillator and support in the area of ​​118.25. The price can get corrected upwards in the direction of the middle Bollinger band (118.89, 119.57).

    Н1: also well-expressed expressed bullish convergence of the oscillator. We expect rebound from the zone 118.25-118.47

    Expectations: touch of the zone 118.25-118.47 and then rebound to 118.89


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