Log in

Flat continues

17 November 2016, GBP/USD

Daily chart: ADX continues to stay in the passive area, so the price is still accumulating potential within the upper Bollinger envelope (1.2348-1.2605)

Н4: we confirm horizontal omnidirectional flat nature of trading with a little better shaped support levels - 1.2372 (lower Bollinger band)

Н1: the third frame in a row, where ADX shows weakness. Thus, today's trading range is inside the range of Bollinger envelopes (1.2416-1.2482)

Expectations: continuation of the flat inside the corridor 1.2416-1.2482

Solutions: cautious trading within the range of 1.2416-1.2482.

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.