Log in

Expecting tomorrow's NPF

06 October 2016, EUR/USD

Daily chart: prior to release of tomorrow's NFP data the price is staying in the same channel 1.1160 - 1.1270 for already quite a long time (the range of Bollinger envelopes). ADX is active, but it is far from the trendline area. Bollinger bands are getting more narrow, but in a not much expressed manner. Therefore, with a high probability, we expect the pair staying within the specified range

Expecting tomorrow's NPF

Н4: just a better shaped corridor 1.1170 - 1.1247. But here ADX parameters are better expressed, so there may be surprises in the form of impulses surges of volatility

Expecting tomorrow's NPF

Н1: at this local frame we again see weak ADX. The corridor is within the limited range of Bollinger envelopes 1.1191 - 1.1223

Expecting tomorrow's NPF

The main scenario - flat within the corridor 1.1191-1.1223 .

The alternative scenario - drop to 1.1160-1.1170 area, and then an upward bounce and flat within the corridor 1.1160-1.1223

Trading solutions: cautious trading inside the flat, or abstent from trading at all.

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.