Log in


18 July 2016, USD/JPY

Daily chart: the upper Bollinger band has been almost finalized and so far, the price action looks like a downward rebound. Given that ADX is very close to the trendline area, we can assume a new wave down. Still a bullish scenario is also probable.

Н4: So far, a rising structure of the chart. Trading inside 103.75-106.18. Given divergence of the oscillator, I am inclined to a downward reversal scenario.

H1: ADX is active after a breakdow of the bottom envelope. We should sell on touch of the middle Bollinger band (105.65)

Expectations: a decline towards 103.75 (extraday). The best possible zone for entry int sales - 105.65

Solutions: are looking for sales to 103.75.

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.