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

It's not worth the effort

20 September 2016, EUR/USD

Daily chart: the pair confirms the flat character of movement, because yesterday even the bottom Bollinger band (1.1118) was not finalized, and now the price is within the bottom envelope (1.1118-1.1202)

Н4: at this local frame the pair is still looking to south, but the range matches the range of the daily bottom envelope - 1.1129-1.1201. ADX is weak and corrective, so only the flat is considered.

Н1: and the third frame, where trading takes place in the non-directional horizontal corridor: 1.1163 - 1.1182. There is absolutely nothing to do here, so we are still waiting when the market signals of its readiness for active movements. But, apparently, not today.

Expectations: this day will obviously be spent within the flat channel 1.1163-1.1182

Solutions: do not trade today. 20 points do not worth the effort.

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.