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

Bulls are preparing for Friday's NPF

01 September 2016, EUR/USD

Daily chart: ADX has entered active zone, so bulls can try medium- attack from current levels towards the upper Bollinger band 1.1366.

Н4:the bottom Bollinger band became rounded, plus the bullish convergence oscillator. All these things may indicate an upward reversal towards 1.1246 (Upper Bollinger Band)

Н1: local flat within envelopes (1.1129 - 1.1165), but we also see divergence, which conveys a signal about the northern charge, which is likely to be released on Friday's NFP.

Expectations: And now, we are waiting for flat 1.1147 - 1.1175 (perhaps - to 1.1200) in the framework of expectations of Friday's news

Solutions: purchase is preferable, so we should use any downward correction to search for a buy signal

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 .