Forex

On the day chart the descending trading corridor remains. The exchange rate is located below an average line of Bollindzhera strip that specifies in possible further decrease in the British pound. At the same time technical indicator ADX does not submit accurate signals on sale, despite that that 13-period-DI is located more low 13-period +DI. Index of the Commodity Channel has come nearer oversale zone , but telling about potential of descending movement is settled - prematurely.

On 4 hour chart the descending triangle in which frameworks the auctions pass second week is generated. At present it is possible to observe testing of strong level 1.4140 (which earlier bears 12 already tried to break, on February, 16th and 17) which breakdown can strengthen considerably the bear moods and interest aggressive sellers. Technical indicator ADX gives a signal on sale as 13-period-DI it is located more low 13-period +DI, and itself ADX smoothly grows. At the same time the Index of the Commodity Channel has entered into oversale zone, therefore at new orders opening on sale it is necessary to be careful.