Looking for correction signals around 1.0680-1.0700 | 16 11月 2016

16 11月 2016, EUR/USD

Daily chart: bears saved their potential and prevented an upward correction. The oscillator still shows signs of convergence and ADX is not in the trend area. The possibility of a pullback is still here. For example, from the round level 1.07.

Looking for correction signals around 1.0680-1.0700

Н4: support is at the lower Bollinger band (1.0680) and, as we see, ADX is corrective, which makes it a rebound much likely. Resistance is at 1.0817 (middle Bollinger band)

Looking for correction signals around 1.0680-1.0700

Н1: at this local frame, the pair is in the horizontal flat corridor 1.0700-1.0800 (the range of Bollinger envelopes). ADX is weak and corrective, so the flat can be maintained.

The main scenario - flat 1.0700-1.0800

The alternative scenario - decline to 1.0680 and then a rebound towards 1.08

Trading solutions: So, we should look for the upward entries to 1.0680 -1.0700. The overall trend is still top-down, so we can entrer on the upward correction only after the signal at H1 is formed.

Aleksey Panasenko
FreshForex公司的分析员
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus