manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Bearish pressure

02 July 2015, GBP/USD

Daily chart: pressure from ADX, so support is from the middle Bollinger band (1.5609) is under exposure it that can rbing the price down to the bottom line (1.5258)

Bearish pressure

Н4: attack of the bottom Bollinger envelope on growing ADX. If resistance is 1.5690 (the middle Bollinger band) will keep bulls, one can enter sale up to 1.5258.

Bearish pressure

Н1: local convergence of the oscillator allows to expect a higher pullback up to 1.5644.

Bearish pressure

Expectations: pullback upwards to 1.5644 and start of decline under 1.5609, with the middle-terms target at 1.5258.

Trading decisions:

1) Sales from 1.5644 to 1.5258 (exraday).

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .