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

Flat continues

25 August 2016, USD/JPY

Daily chart: strong resistance is at the middle Bollinger band (101.44), from where bears are expected to attack again in the direction of the bottom band (98.52). ADX is looking down, which indicates absence of the trend component in the current movement.

Н4: at this local frame, the pair has entered the flat horizontal channel within Bollinger envelopes (99.97 - 100.71)

Н1: a better shaped flat within the top Bollinger envelope (100.37 - 100.59). The range is too narrow to try to look for promising opportunities. ADX is very weak and is going through correction, so we can hardly expect a breakthrough this corridor's borders.

Expectations: Flat 100.37 - 100.59

Solutions: do not trade, skip this day

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.