Bullish potential remains | 26 أغسطس 2016

26 أغسطس 2016, GBP/USD

Daily chart: ADX is very active and is close to the trendline area, so the upper Bollinger band (1.3361) may be under significant load, which in turn will lead to a breakthrough of the upper Bollinger envelope. But if this level withstands, we will see another pullback to the middle band (1.3115)

Bullish potential remains

Н4: also aggressive ADX, but growth is taking place on divergence of the oscillator, therefore, so there is no potential for a break above 1.3361.

Bullish potential remains

Н1: a better shaped resistance 1.3222, next resistance level - 1.3259. Again, we have trend status of ADX.

Bullish potential remains

Expectations: now, we are waiting for growth to 1.3259 and maybe toward 1.3361

Solutions: buy to 1.3259 and possibly to 1.3361.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Aleksey Panasenko
محلل شركة FreshForex
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