FreshForex - Analytics

    FreshForex

    614.75 7.75/10
    65% of positive reviews
    Real

    Little lower

    Daily chart: a very strong trend ADX forces us to consider a purely southern scenarios. The nearest support is located at 105.32 (the lower Bollinger band).

    Н4: here we see a quite well-shaped and long-term bullish convergence of the oscillator, so around 105.46, with a high probability, the northern signals can be formed

    Н1: locally the pair is in a horizontal channel 105.77-106.16.

    Expectations: The main scenario - decline to 105.46 and then an upward reversal.

    The alternative scenario - flat 105.77-106.16

    Trading solutions: 1. Sales to 105.46

    2. Around 105.46 we shall monitor possible upward signals.


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