Flat forecast

12.07.2021

Daily chart: testing of the lower Bollinger band (109.72) led to the formation of a bullish inside bar, which is a signal to buy. Meanwhile, the potential of ADX is decreasing, therefore, the main phase of upward development will probably take place not today.

Н4: local price fluctuations occur in the area of the middle Bollinger band (110.00-110.18). There is also a drop in ADX potential, so this trend will continue.

Н1: we mark the borders of the horizontal corridor inside the Bollinger bands (110.06-110.22). The forecast for the day is flat within these limits.

Conclusions: flat in the range 110.06-110.22.
Trading decisions: short-term deals in the range 110.06-110.22.