Trading range 1.2120-1.2170

11.05.2021
Daily chart: the upper Bollinger band (resistance zone 1.2170) kept the pressure of buyers. As you can see, the ADX pressure still remains, therefore, if the pair fails to gain a foothold above 1.2170 for...
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The calm before the storm

08.05.2021
Daily chart: the pair is trading in a flat local trend within the upper Bollinger envelope (108.71-109.70). Taking into account the presence of the G&P reversal pattern, the scenario of a drop in quotations looks...
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Bears’ positional advantage

08.05.2021
Daily chart: in expectation of today's "non-farms", the market is in a fever. The conditional axis around which multidirectional movements take place is the middle Bollinger band (1.2027). After the publication of the American data,...
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Limited trading range

06.05.2021
Daily chart: the ADX trend indicators remain at an extremely low level, which is due to the market's wait-and-see attitude against the background of tomorrow's non-farms. The trading range is limited to 1.3863-1.3946. Н4: strong...
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Daily flat forecast

06.05.2021
Daily chart: low trend characteristics of the pair persist, which is probably due to massive news from the US coming tomorrow. Probably, the market will continue to consolidate in the range of 1.1983-1.2030. Н4: the...
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