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

Premarket view on the pound. What we can expect on Monday

21 December 2015, GBP/USD

Daily chart: strong ADX trend signalizes about a further decline to new Lows.

Premarket view on the pound. What we can expect on Monday

Н4: locally weak ADX, so trading within the bottom Bollinger envelope (1.4838-1.4982) is possible.

Premarket view on the pound. What we can expect on Monday

Н1: flat state ADX and horizontal envelopes. The corridor 1.4882-1.4943

Premarket view on the pound. What we can expect on Monday

Expectations: So, with equal probability flat 1.4882-1.4943 and movement to new lows are possible. Therefore, we consider sale from the area 1.4943.

Trading solutions: sale of the 1.4943 zone from the 1.4882 and below (extraday)

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 .