Log in

Expect fall to 1.5372

16 October 2015, GBP/USD

The daily chart: Bollinger envelopes remain horizontal direction, plus we can see that rush of bulls does not support ADX. Therefore, we can see correction around ​​the middle band (1.5307). This is still a relevant goal - 1.5597 (Upper Bollinger Band)

Н4: more localized support in the area of ​​1.5376 is able to send the pair up to test zone 1.5553 (Upper Bollinger band) once again.

Н1: here we see that everything is not so bad the North - cool and clear divergence of oscillator on all attempts of buyers to put the price higher. There is support in the area of ​​1.5433 (Lower Bollinger Band), but it probably will not stand.

Expectations: So, we wait for fall to 1.5372, from where a rebound up is possible.

solutions: 1) Sales to 1.5372. 2) In the area of ​​1.5372, it makes sense to look for possible buy signals

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.