Trading range 1.3809-1.3851

15.09.2021

Daily chart: the pair confirms the flat forecast within the upper Bollinger envelope (1.3767-1.3888), without any substantial signals of a change in this trend. Taking into account the stable Bollinger bands and low ADX trending activity, probably, we will see continued price fluctuations in this range.

Н4: the upward local phase of the price movement is in antiphase to the fall of the ADX indicator, which indicates that there is no trend potential in this bullish wave. Therefore, growth above the resistance zone 1.3880-1.3893 is unlikely.

Н1: hourly Bollinger envelopes are completely in horizontal stable position, which limits the probable volatility today at the levels of 1.3809-1.3851.

Conclusions: flat in the range 1.3809-1.3851.
Trading decisions: short-term deals in the range 1.3809-1.3851.