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

Analysis of how markets closed on Friday

05 September 2016, EUR/USD

Daily chart: the pair is (and, most likely, will continue to stay within) the horizontal flat corridor within Bollinger envelopes (1.1043 - 1.1364). ADX is openly going through a downward correction, so trend is not expected to get changed.

Н4: a better shaped range 1.1119 - 1.1199. Since ADX is weak, the price is not expected to get below support 1.1119.

Н1: better shaped support points around 1.1147 and 1.1130. Resistance is at 1.1183 (middle Bollinger band)

Expectations: the day will be spent within the flat 1.1130 - 1.1183

Trading solutions: purchase from around 1.1119 - 1.1130 to 1.1183

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 .