FreshForex - Forex Market Reviews

Range 1.5586-1.5651

Daily chart: the pair continues to be a wide flat range within the envelope Bollinger (1.5417-1.5711). Expectations: touching zone 1.5586 and rising to 1.5651...

We do not expect much volatility today

The daily chart: it is likely that flat status of ADX forecast to the Pound the day with a low volatility. We expect a calm trading around the middle Bollinger band (1.56)...

Flat day

Daily chart flat state of ADX and Bollinger envelopes say that the pair will spend the day (and the nearest time) within the present range: the upper envelope (123.39-125.17)...

Multiply your income by sharing trades
Multiply your income by sharing trades

Get more than just profit from trading. Share your trades and earn up to $8 from every copied lot from you. Become leader at Share4you copy trading service powered by Forex4you.

Target is at 125.17

Daily chart: the upper Bollinger band rose even higher - at 125.17 and now this mark is an actual target for growth. So, we wait for growth to 125.17, but in the area of 124.47 we can probably meet turbulence and a possible rollback...

We shall buy to 125.09

Daily chart: the pair has predictably broken Inside bar up and now is moving to the upper Bollinger band (125.09) (125.09)...

Looking for short signals from resistance 1.1140 or 1.1224

Daily chart: the Euro preserves a growing tendency and continues to rise to the upper Bollinger band (1.1224), which, given the state of ADX, is likely to be corrected downwards to the middle band (1.10)...


Weekly review: gold, S&P500, Brent oil

Monthly chart: scenario of reversal is justifying itself. Northern marks are still achievable, but the bullish momentum has depleted to a notable extent...

Support is possible around 1.0789

Daily chart: Euro is still forced down. Currently the target is 1.0789 (the bottom Bollinger band). Somewhere you meet a significant support for a correction and as a result new sales area to move on trend...

Weekly review of S&P500 index, oil and gold

Monthly chart: bulls bolted off to work on the upper Bollinger band (2190.6), but ADX is persistent in its decline, so we are waiting for a downward reversal...

Taking a rest

Daily chart: the price has preserved an ascending dynamics towards the upper Bollinger band (124.67). The pair may stay within a flat 123.96-124.17 or break the corridor to the bottom to 123.69 and probably to 123.04...

Sell signals may occur around 124.14

Daily chart: yesterday bulls have implemented their potential so now that have chances to work on the upper Bollinger band (124.67)...

Equally probable scenarios

The upper Bollinger band is just above a critical level (123.72) to keep up with bearish structure of the chart. We are waiting aggression from sellers to confirm a general determination to the bottom Bollinger band (121.44)...


Weekly review of S&P500, oil and gold

Together with the oscillator, the price is moving upwards as ADX is falling. It means that index will reverse downwards at least to the middle Bollinger band (1964.1) – not above the upper Bollinger band (2182.0)...

Waiting the price on 1.5582 to sell

Daily chart: the pair is surely declining towards the bottom Bollinger band (11.5358). The price has broken the bottom Bollinger envelope. Waiting the price on 1.5582 to sell to 1.5405 and 1.5358...

Weekly review: S&P500, oil, gold

Monthly chart: quite well shaped bearish bar has justified our expectations for June regarding downward reversal of the index. The nearest middle-term target is 1964.1 (the middle Bollinger band)...

Preparing to grow to 1.5767

Daily chart: the middle Bollinger band has refrained bears yesterday which enables bulls to attack up to the upper band (1.5960)...

Two reasons to buy XAU/USD

This week we shall expect development of an ascending tendency. The past weekend, Greece was not able to settle with its creditors which puts risks in Euro zone to the very high level. In periods of instability, precious metal is of a high demand...

Purchases from 123.72 are possible

Pressure to 125.10 continues, where we are waiting the start of a decline with the first targets based in the area 122.43...


Weekly review of S&P500, oil, gold

As we see, the index has been moving upward with a notable acceleration, so the last trend line is helpful for forecasting. Any correction towards the middle Bollinger band (1953.9) contains potential for a downward reversal...

Still a flat in the area of the bottom Bollinger band (1127.73)

Index has been traded inside May's range for the half of the month. The upper Bollinger band was rounded off in the area of 2186.2, so, soon after the end of current consolidation, we wait a downward reversal in July, theoretically, ceiling is on the upper band...

Buying in the area 1.5375

Daily chart: a local correction to the down part and it is possible that we have an ordinary bullish broken Inside Bar, whereupon the pair will keep on growing in the direction of the upper Bollinger band (1.5777)...


Looking for signals to enter upward

Daily chart: inside bar from the bottom Bollinger bands - is a serious proof-point of bulls to continue general growth of the Pound. In the middle run, it is rather probable that the price will move to 1.5806 (the upper Bollinger band)...

Intermediate support is based the bottom Bollinger band

Monthly chart: an long-awaited reversal? It seems much likely. Bollinger bands are rounded off and divergence presents. We wait the index to reach the middle Bollinger band (1949.6), though it can even more serious...

A new phase of bulls is probably starting

Bears have not worked through support from the bottom Bollinger band (1.5050). However, bulls have showed a strong momentum by lifting up the last High. Therefore, a main expectation now is growth to 1.5806...


GBP/USD. Selling pound to 1.5242

As it was expected, the pair continued its decline in the direction of the support line 1.5050, from where, in its turn, we will wait for an upward bounce...

Gold, oil and S&P500 this week

Until Brent is traded below 68.98, we wait for decline down to 48.00 in the middle term. If there is a break above 67.00, a new Northern impulse may occur...

We buy to 1.5504

Every day bears try to force new Lows but do not reach the bottom Bollinger band directly. That gives buyers chances, because outlook of an ascending trend is still real...


Buy on bounces

Expectations: an active phase of growth will take a few days, so we must look for chances to buy as the price decides to bounce down...

Weekly report on Brent, Gold and S&P500

Situation remains the same: the price has the tendency to hit 2200.1 and with a high probability, to receive a middle-term downward correction. By little, bulls are taking hook, whereas bears are shotting their guns...

Flat 1.5518-1.5584

Daily chart: Bulls retained control by forming yesterday's inside bar in the area where downward swing potentially ends. It is still probable that the price may hit 1.54 (the middle Bollinger band), but we can start looking for sale points now...


  


Share: