manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Check the flat range for today

06 September 2016, EUR/USD

Daily chart: ADX has no interest in what is happening, so we are waiting for continuation of fluctuations inside Bollinger envelopes (1.1062 -1.1364). To be more precise, the price is likely to spend time around ​​the middle band (1.1210)

Н4: a shaped horizontal corridor within Bollinger envelopes (1.1122 - 1.1210). ADX is rising, but it is quite far from the trendline area, so the specified range is relevant for today.

Н1: the trading range for today - 1.1235 - 1.1180. ADX is weak, so the main and basic scenario is flat.

Expectations: so, the pair is likely to continue its flat 1.1135 - 1.1180. There are no technical reasons to leave this band for it

Solutions: either trade inside the corridor 1.1135 - 1.1180 or refraining from opening trades.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
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 .