Forex

On the day chart short-term ascending trading corridor is generated. Yesterday auctions were closed by a white candle, a candle with the big bull potential, than on Tuesday that as specifies in remaining reference points on buying given currency pair at traders. At the same time the exchange rate is near the 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 on the former gives a signal on buying as 13-period +DI it is located above 13-period-DI from below upwards and thus itself ADX grows.

On 4 hour chart as the short-term ascending trading corridor is generated. Yesterday bulls managed to break strong level 92.70 that has involved on the market of new aggressive buyers. Nevertheless ascending movement was slowed down near level 94.00 and in the  future it is impossible to exclude corrections, as:

- The exchange rate is located near the top line of Bollindzhera

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

- The index of the Commodity Channel leaves from oversale zone and is directed downwards

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.