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

Analysis of Friday closure

09 November 2015, EUR/USD

Day chart: ADX is active, so there is no hope to stop bears. The pair will show a 6-th figure. A small correction can appear because of oversold situation.

Analysis of Friday closure

Н4: breakthrough of lower Bollinger envelope, then a bullish IB – a roll back may appear to middle Bollinger band (1.0878) before new decrease wave.

Analysis of Friday closure

Н1: more local resistance level - 1.0816. Intraday support is 1.0685 (bottom Bollinger band).

Analysis of Friday closure

Expectations: Main plan – roll back to 1.0816 and then new decline to 1.0685 The alternative plan – a direct decrease to 6th figure without any rollback. Trading solutions: 1) Wait for correction to 1.0816 and sell to 1.0685

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.