Bears Are Weakening | 04 Abril 2017

04 Abril 2017, EUR/USD

Daily chart: the price entered lower Bollinger envelope, ADX keeps pushing, so bears may be able to reach 1.0524 (lower Bollinger band)

Bears Are Weakening

Н4: the price is inside lower Bollinger envelope (1.0629-1.0702). ADX shows active but corrective trend, which means we may see another drop from level of 1.0702.

Bears Are Weakening

Н1: continuous bullish oscillator convergence indicates weakening of bearish pressure and oncoming reversal to the upside. It is highly likely that the price will rebound higher from support level at 1.0651.

However, at the same time different scenarios are equally likely to happen. That makes price movement forecasting harder.

Bears Are Weakening

Expectations:

Core scenario - drop to 1.0651 followed by rise to 1.0702 or higher.

Alternative scenario - drop to 1.0629

Trading signals: consider entering long from support levels at 1.0651 and 1.0629

Top up without commission FreshForex

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.