Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.
Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.
Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).
Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.
Monthly chart: continuation of bullish dynamics under the possibility of correction towards medium Bollinger band (1.5842). Target of a probable Northern impetus is 1.7332.
Weekly chart: two rather strong supports, from one of which bulls can start an impetus movement is 1.6134 (medium Bollinger band) and pivot in the area of 1.5842.
Day chart: here is an active return to medium band upon breaking of an upper envelope. Thus, support 1.6466 also can show demand in the Pound. But significant (in the form of trend) increment of envelopes did not take place, therefore, it is possible that bottom band (1.6334) as well as support 1.6134 could be reached.
Conclusion: main scenario is growth from support 1.6466 (from present levels) with goals above 70 and target at 1.7332.
Alternatively, there may be a break of 1.6466 and descend to 1.6334 with beginning of growth from this area.
Also, a even more serious correction to the area of 1.6133 can take place. Such a wide range of supports is a hindrance to enters at one touch and requires to wait for formation of confirmation signals on specified levels.
Monthly chart: here is a confident downtrend with significant outlook for decline. Targets are the supports 0.8038 and even 0.6959.
Weekly chart: a bullish convergence has been formed, but as ADX grows, bears can easily mitigate this tendency.
Day chart: the only earning point for buyers that can work is a roll back to a medium band (0.8891). In general, here we have a purely Southern potential.
Conclusion: we wait for a probable rollback to 0.8891 and sell with targets to 0.8034 and 0.6959 as a middle-term target.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us