Increase to 109.50

13.03.2021

Daily chart: the upper Bollinger band, being the most important dynamic resistance and target level, has risen to the level of 109.50. Against the background of the growth of the ADX indicator, we can expect an active development upward towards this target.

Н4: a trying to break through the local upper Bollinger envelope happens against the background of trend pressure from the ADX. This indicates a high probability of further trend distribution.

Н1: the hourly upper Bollinger envelope has already been broken. Therefore, the upward forecast today is inevitable. Buying to 109.50.

Conclusions: growth to 109.50.
Trading decisions: purchases by 109.50.