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

Support is around 1.2937

30 September 2016, GBP/USD

Daily chart: the lower Bollinger band has slightly dropped and now the target is at 1.2841. ADX does not have trend characteristics, so multi-directional movements are possible.

Support is around 1.2937

Н4: growing ADX, but the it is still quite far away from the trend area. Therefore, there are two basic ways: a rebound from support area 1.2937 (the lower Bollinger band) or break of the bottom envelope followed by a return to the middle band (1.2994)

Support is around 1.2937

Н1: here ADX is very weak, therefore, support area 1.2937-1.2945 would be irresistible for bears today. Resistance is at 1.2994 (middle Bollinger band)

Support is around 1.2937

Expectations: drop to the area 1.2937-1.2945 followed by a return to 1.2994

Solutions: purchases from 1.2937 to 1.2994 as well as sales from 1.2994 to 1.2841 (extraday)

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 .