Dominance of buyers

29.09.2021

Daily chart: another breakdown of the upper Bollinger envelope was recorded, which, against the background of the strongest trend pressure of the ADX indicator, shows the prevailing probability of further growth in quotes towards the nearest round level of 112.00.

Н4: till now, impressive local overbought has no effect on buyers, who systematically continue to renew maximums.

Н1: the range of possible intraday consolidation is 111.39-111.69. Any short-term drops in quotes are more promising to use for buying.

Conclusions: growth in the direction of 112.00.
Trading decisions: buying from the area 111.39 to 112.00.