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

Northern preparation

28 April 2016, EUR/USD

Daily chart: ADX is growing, but has not reached the trendline area yet. The pair shows a bullish determination, though a moderate one (which is the same as the ADX parameters convey). A downward local structure is also present here, so we cannot definitely vote for "north"

Н4: at the local level we have a very active ADX and a vague influence of news. In view of the expanded Bollinger envelope we assume that a bullish scenario has a priority, which will be activated by breakthrough beyond the upper envelope (1.1345).

Н1: here ADX is weak, but we see that in general this rebuild can be treated as northern preparation, so the flat corridor is 1.1291-1.1345.

Expectations: The main scenario - flat 1.1291-1.1345

The alternative scenario - surge above 1.1345 and to 1.14

Trading solutions: look for buying options around 1.1291-1.1314

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 .