Log in

Sell to 112.61

16 March 2016, USD/JPY

Daily chart: undirected flat is in range 112.08-114.45. ADX hadn’t get into trend zone but it is turn upwards so we should be attentive with this indicator in zone above "30" and we can compare this information with price direction.

 Sell to 112.61

Н4: pair has locally pressed in bottom Bollinger Envelope (range 112.27-113.49). ADX is inactive so the movement could be undirected with some advantages of sellers.

 Sell to 112.61

Н1: locally we can see very active ADX, so the main expectation is new decrease wave to 112.61 (bottom Bollinger line).

 Sell to 112.61

Expectation: decrease from current levels to 112.61.

Trading decisions: sell from 113.17 to 112.61

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.