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

Sales to the 41th figure

21 April 2016, GBP/USD

Daily chart: the upper Bollinger band (1.4413) proved to be a strong resistance. Against the background of a weak ADX we can expect drop of the price in the direction of 1.4037 (the bottom Bollinger band).

Sales to the 41th figure

Н4: the local support is at the middle Bollinger band (1.4287). If this level is broken, bears will initiate a deeper decline to 1.4113 (the bottom Bollinger band, the scenario is marked by the red arrow).

Sales to the 41th figure

Н1: the broken bottom envelope, which is a strong signal of the Southern movement. Under this scenario, we may expect a rollback to the middle band (1.4374), where tne best possible entry point to sales will be located.

Sales to the 41th figure

Expectations: The main scenario - decline to 1.4287, 1.4231 and possibly to 1.4113

The alternative scenario - a rollback to 1.4374 and then fall to the goals provided by the main scenario

Trading solutions: sales to 1.4287, 1.4231, 1.4113. Ideally, we will enter around 1.4374

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.