FreshForex - Analytics


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    Can buy on correction

    Daily chart: from the bottom Bollinger band (1.4207) the long-awaited upward correction can begin, as conveyed by dynamics of the oscillator.

    Н4: growth within the framework of technical correction. Resistance - 1.4332 and 1.4457 (middle and upper Bollinger Band)

    Н1: The envelopes retain horizontal determination yet, but ADX indicates presence of a local bullish pressure. Support is at 1.4262 (middle Bollinger Band). On break of the upper envelope, we shall buy from the middle Bollinger band with an eye to 1.4332 and 1.4457 (extrday).

    Expectations: rise to 1.4332 and then a downward roll back to 1.4262 and a new phase of growth.

    Trading solutions: buy from 1.4262 to 1.4332 and 1.4457

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