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

Decline to 101.84 is expected

21 September 2016, USD/JPY

Daily chart: Bollinger bands are getting much narrower and there were the first impulse price movement inside the range of envelopes (100.31-104.11). ADX is weak and does not show an initiative, therefore, despite the serious bullish momentum, we still expect multidirectional vibrations around the middle Bollinger band (102.00)

Н4: news" stick" broke through the upper envelope, but to ADX does not have a trend component. Therefore, we are waiting for a return to the middle Bollinger band (102.01)

Н1: some bars outside Bollinger envelopes and also very weak ADX. The middle Bollinger band is slightly lower (101.84) and it will be direction for the next few hours

Expectations: fall to 101.84

Solutions: Sell to 101.84

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 .