31 July, 2015
EUR/USD
Daily chart: the pair is moving within the Bollinger envelopes, being "surrounded" by two colliding O&U s - from north it is from 1.1110, from south it is coming from 1.0825.
Í4: a similar situation. Two paths: a decline to the middle 1.0825 Bollinger band (1.1011), either rising to the northern O&U (1.1110)
Í1: scenario of the upward movement to 1.1110 through breaking the top envelope. Let's watch.
Expectations:
Main: Move up towards 1.1110 via zig-zag 1.1011-1.0935-1.1110.
Alternative: Decline from 1.1011 down to 1.0825.
solutions:
1) If the top envelope is breaken, we shall buy from 1.0935 to 1.1110.
2)Pending Sell orders are set at 1.1110 and Buy at 1.0825.
Daily chart: the pair is striving to reach the upper Bollinger band (1.5715), but ADX show weaknesses, so we wait a strong resistance in this area...
Daily chart: a bearish pin from the upper Bollinger band has been produced , which almost certainly will bring the pair to the bottom Bollinger band in the next few days (1.5403)...
Daily chart : the middle Bollinger band (123.14) is being tested and, apparently, decline to the bottom band (121.36) will continue...
The daily chart: the pair turns to be in flat within the envelope Bollinger, however, here is a loss of support from the middle band (123.21), we see a dive to the bottom envelope in the direction of the bottom line (121.36)...
Daily chart: the middle Bollinger band (1.1026) has been reached and, in contrast to descending envelopes and passive ADX, we can expect decline to the bottom band (1.0784) prior to a new upward dash...
Daily chart: bulls are moving to the middle Bollinger band (1.1026), from where a pullback is probable to happen to the area of demand in Euro configured by the pattern O&U (1.0825)...
Yesterday the pair has confirmed its correctional potential. The nearest strong resistance - the middle Bollinger band (1.1047), from where Euro can go to 1.0825, accumulating a probable demand within the frames of O&U pattern. From this area, it can move even upper to 1.1280 and 1.1380...
This week we have at least three reasons to expect a descending tendency to go on. 1. US currency is demonstrating a confident growth of quotations...
The borrom Bollinger band is aimed to get a new Low, but supports are protected and there is a demand in Euro. Active ADX is not going through a correction though. Movement to the middle band (1.1153) will confirm that bulls control the situation...
# | Broker | Review | |
---|---|---|---|
1 | ![]() | easyMarkets | 92% |
2 | ![]() | FXTM | 88% |
3 | ![]() | HYCM | 87% |
4 | ![]() | FxPro | 85% |
5 | ![]() | FIBO Group | 84% |
6 | ![]() | OctaFX | 83% |
7 | ![]() | HotForex | 82% |
8 | ![]() | FXCM | 79% |
9 | ![]() | XM | 73% |
10 | ![]() | FP Markets | 70% |