Forex

On the day chart the short-term ascending trading corridor is generated. Yesterday the auctions were closed by a white candle that as specifies in remaining reference points on given currency pair break at traders. At the same time the exchange rate is near top line of Bollindzhera that specifies in possible delay of ascending movement, the same signal submits also an index of the Commodity Channel as it has entered into oversale zone . At the same time technical indicator ADX gives a good signal on buying as more recently 13-perioud +DI has crossed 13-period -DI from below upwards and thus itself ADX grows.

On 4 hour chart as the short-term ascending trading corridor is generated. At the same time all indicators specify in possible correction in the near future:

- Exchange rate is located near the top line of Bollindzhera

- 13-period +DI it is located above 13-periodnogo-DI, but itself ADX is in area when the market already "warm" after trend movements

- Index of the Commodity Channel has entered into overbuying zone

- Second day to bulls is not possible to update a local maximum.

In the present state of affairs new orders opening on sale looks premature. To traders with open orders on buying is better to fix profit.