Growth to 124.48 and downward correction

May 29, 2015


Daily chart: We have three bars outside Bollinger envelopes which brings market to correction.

Í4: Bullish pressure 124.48 has been preserved (upper Bollinger band)

Í1: Nipping of Bollinger bands prior to a possible impulse. Support is based at 123.41

Expectations: Price will jumpt to 124.48 and decline to 123.41

Trading decisions:

1) Buy to 124.48

2) Sell from 124.48 to 123.41

Publication source
FreshForex information  FreshForex reviews

January 19, 2017
GBPUSD Retreats Post Surge on Theresa May’s Hard Brexit Speech
Trump stated on Tuesday that a strong dollar is risky to the US economy, as it weakens competitiveness of US exports and corporate profits...
January 19, 2017
Greenback pares losses on hawkish Yellen
The U.S. dollar did an about turn yesterday after the Fed Chair; Janet Yellen said that the prospects for further rate hikes increased with the economy near its maximum employment and inflation moving towards the Fed's 2% goal...
January 18, 2017
Stock markets continued to stabilise
German HICP confirmed at 1.7% y/y, as expected, with prices up 1.0% m/m. The sharp acceleration from just 0.7% y/y in November was mainly due to base effects from lower energy prices and the breakdown showed that prices for heating oil jumped 21.9% y/y in December...

Grand Capital Rating
Trade360 Rating
FBS Rating
HotForex Rating
Vantage FX Rating
XM Rating

Porter Finance Rating
EZTrader Rating
OptionRally Rating
365BinaryOption Rating
UKoptions Rating
IQ Option Rating