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

Intraday decline within the Daily flat

18 April 2016, USD/JPY

Daily chart: the pair has reached a well-shaped flat horizontal corridor within the Bollinger envelopes (1.4015-1.4436) and passive ADX. Obviously, we can expect a rotation around the middle Bollinger band (1.4220) rather than "wall-to-wall" trading

Intraday decline within the Daily flat

Н4: a more localized flat range 1.4104-1.4272). Here we are confused with enhanced activity of ADX, that can create a strain on the support 1.4104.

Intraday decline within the Daily flat

Н1: also active ADX, we waiting for a breakthrough of the bottom envelope (1.4145) and then towards 1.4104.

Intraday decline within the Daily flat

Expectations: decline towards 1.4104 and possibly lower.

Trading solutions: sales to 1.4104. On weakening of the bears around ​​1.4104 and on Buy signal - we can try to avail from the upward movement to 1.4220

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 .