Buyers’ dominance

23.11.2021

Daily chart: bulls have renewed their maximums, they are trying to break through the upper Bollinger envelope, the ADX is gaining momentum – all these factors may precede a new rally up!

Н4: the local upper Bollinger envelope has already been successfully broken, therefore, taking into account the trend ADX, we can expect the quotes to rise from the current levels.

Н1: within the hourly chart, a retest of the middle Bollinger band (114.77) is possible, which seems to be the most optimal entry point for buying today. The minimum target of the bulls is 115.37 (upper Bollinger band).

Conclusions: growth to 115.37 and 115.50.
Trading decisions: buying from 114.77 to 115.37 and 115.50.