Equally probable scenarios

July 15, 2015

USD/JPY

Daily chart: 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)

Í4: upper band is on 124.27 – also a strong resistance, but movement to this area will change configuration anyway.

Í1: From visual point of view, bulls are exerting pressure. Therefore, we have received equally probable scenarios .

Expectations: 1) If the level 123.72 is still untouched, we are waiting for a new decline. 2) If the point 123.72 is broken, we are waiting for movement to 124.27

Trading decisions:

1) Bears are selling with Stops orders established above 123.72, bulls shall buy expecting a breakthrough of 123.72 to 124.27

Publication source
FreshForex information  FreshForex reviews

December 9, 2016
Gold is tired of moving in the range
On the daily chart of gold, the bears remain control over the market. As long as quotes are below $ 1,195, their positions are not under threat. The update of the December low can lead to the continuation of downward movement towards $1,116...
December 9, 2016
Oil prices ignored bigger-than expected drop
After an Asian consolidation oil prices moved higher on Thursday. The price slightly grew and reversed the minor part of its losses. The benchmark approached 53.50 post-Europe open. The price stayed below the 50 and 100 EMAs in the 1 hour chart...
December 9, 2016
EURUSD Trades Below Significant Resistance
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800...

XM Rating
XTB Rating
Grand Capital Rating
HotForex Rating
Larson&Holz IT Ltd Rating
Z.com Trade Rating

365BinaryOption Rating
Beeoptions Rating
IQ Option Rating
Anyoption Rating
Binary Brokerz Rating
Porter Finance Rating