FreshForex - Analytics

    FreshForex

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    Real

    Southern dynamics

    Daily chart: a very active ADX is likely to ingore some oversoldness, which will cause a deeper drop to 102.50

    Н4: a similar picture: technical analysis predicts correction, but talking about it is too early, because the ADX is pressing and there are no signs of weakening. A potential "ceiling" of correction is the middle Bollinger band (105.64)

    Н1: consolidation within the bottom envelope (103.30-104.44)

    The main scenario: decline to 103.30 and then an upward bounce The alternative scenario: a deeper decline towards 102.50

    Trading solutions: sale to 103.30 and 102.50


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