25 May, 2015
Monthly chart: 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.
Weekly chart: ADX is weak so we don't expect the index above the upper Bollinger band (2153.8). Support is based in the area of the middle band (2070.0)
Day chart: Flat area has been shaped even better within 2112.1-2139.7.
Expectations: Flat within 2112.1-2139.7
Trading decisions: 1) Sales from 2139.7 to 2112.1 .
Monthly chart: We're still keeping sales open expecting decline in the middle run to 48.11.
Weekly chart: A possible alternative scenario is the breakthrough to new levels, wrecking of bears' stops and growth of quotations in the direction to 92.36
Day chart: The coming week may bring trading within Bollinger envelopes (64.29-68.25)
Expectations: General target is decline, but this week support 64.29 may again give a reason for pullback to 68.25. However, from this point we can consider sales again.
Trading decisions: 1) We're keeping sales open. 2) If there is a pullback to 68.25, we shall be added on the lower level.
If trades will work based on Stops, we will take a pause before the next week.
Monthly chart: Flat is in the range of the bottom envelope. Since the range is very narrow, we will switch to younger charts.
Weekly chart: Flat range is 1135.46-1287.33
Day chart: Flat is better shaped here 1172.79-1229.46
Expectations: Flat is in the range1172.79-1229.46
Trading decisions: 1) Trading in the channel 1172.79-1229.46 in both sides.
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...
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)...
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)...
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...
Daily chart: the pair has predictably broken Inside bar up and now is moving to the upper Bollinger band (125.09) (125.09)...
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)...
Monthly chart: scenario of reversal is justifying itself. Northern marks are still achievable, but the bullish momentum has depleted to a notable extent...
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...
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...