Is it upward accumulation? | 01 12月 2016

01 12月 2016, GBP/USD

Daily chart: the pair is still moving around upper Bollinger envelope (with the border of upper band in 1.2605). However, ADX is obviously active, although it has not reached trend yet.

If buyers break this border, an essential upward potential will be possible (up to 1.3376). All the more since NFP is to be published tomorrow...

Is it upward accumulation?

Н4: there is no potential for an upward breakout, but there is already certain tension. Resistance levels are 1.2560, 1.2605. Support level is 1.2472 (middle band)

Is it upward accumulation?

Н1: more localized accumulation range is 1.2502-1.2554 (upper Bollinger envelope's borders). Here ADX is very agressive - it is in extreme range, which might show correction potential.

Is it upward accumulation?

Expectations:

Core scenario - trading inside the range of 1.2502-1.2554

Alternative scenario - breakout to 1.2605

Solutions: it is too late to buy and early to sell. Consider wait-and-see stand or switching to short timeframes for short-term trading.

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