Flat continues | 25 Agosto 2016

25 Agosto 2016, USD/JPY

Daily chart: strong resistance is at the middle Bollinger band (101.44), from where bears are expected to attack again in the direction of the bottom band (98.52). ADX is looking down, which indicates absence of the trend component in the current movement.

Н4: at this local frame, the pair has entered the flat horizontal channel within Bollinger envelopes (99.97 - 100.71)

Н1: a better shaped flat within the top Bollinger envelope (100.37 - 100.59). The range is too narrow to try to look for promising opportunities. ADX is very weak and is going through correction, so we can hardly expect a breakthrough this corridor's borders.

Expectations: Flat 100.37 - 100.59

Solutions: do not trade, skip this day

Aleksey Panasenko
Analista de la empresa" FreshForex
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.