Log in

Bullish potential remains

26 August 2016, GBP/USD

Daily chart: ADX is very active and is close to the trendline area, so the upper Bollinger band (1.3361) may be under significant load, which in turn will lead to a breakthrough of the upper Bollinger envelope. But if this level withstands, we will see another pullback to the middle band (1.3115)

Bullish potential remains

Н4: also aggressive ADX, but growth is taking place on divergence of the oscillator, therefore, so there is no potential for a break above 1.3361.

Bullish potential remains

Н1: a better shaped resistance 1.3222, next resistance level - 1.3259. Again, we have trend status of ADX.

Bullish potential remains

Expectations: now, we are waiting for growth to 1.3259 and maybe toward 1.3361

Solutions: buy to 1.3259 and possibly to 1.3361.

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.