January 2017

GBPUSD – Flat

Daily chart: we are observing downside flat. The pair moves inside upper Bollinger envelope (1.2348-1.2675), so the price may be expected on middle Bollinger band (1.2348)

Slipping Flat

Н4: bears try to implement downside reversal under head and shoulders pattern but ADX is weak and not supportive of such attempts. So we are expecting the price to move inside lower Bollinger envelope range (1.2458-1.2553) slipping to the downside which drives buying out of the question.

Slipping Flat

Н1: local support region is 1.2458-1.2468. Resistance is at 1.2500, 1.2534 (middle and upper Bollinger band). ADX doesn’t have potential for downside breakout.

Slipping Flat

Expectations: we are expecting the pair to touch 1.2458 and then roll back towards 1.2500-1.2534.

Solutions: consider trading inside 1.2458-1.2534 corridor. Selling is more recommended.

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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EURUSD – Up

Daily chart: considering passive ADX it’s no use in expecting any sharp shifts today. The price is consolidated inside upper Bollinger envelope (1.0626-1.0823), and it seems that it will stay there the whole day.

Flat Day

Н4: more localized flat corridor is 1.0645-1.0748 (Bollinger envelopes borders). ADX is weak and corrective.

Flat Day

Н1: that the third chart indicating that the pair stays in flat. It is likely to stay today within 1.0645-1.0726 range edging towards middle Bollinger band (1.0686)

Flat Day

Expectations: we expect flat in corridor 1.0645-1.0726

Solutions: trading from the borders of 1.0645-1.0726 corridor

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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WIG20 index opened at 2052.23 points (+0.04%)* WIG 55104.36 0.08% WIG30 2389.38 0.12% mWIG40 4629.88 0.04% */ – change to previous close The cash market began the last day of the month from co…

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EUR/USD Resistance levels (open interest**, contracts) $1.0777 (2518) $1.0751 (2235) $1.0734 (449) Price at time of writing this review: $1.0689 Support levels (open interest**, contracts): $1.0642 (1339) $1.0620 (1357) $1.0595 (2235…

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