Forex

The auctions on the former pass in a range 1.1400-1.1800 that specifies in uncertainty in the market. Lines of Bollindzhera were narrowed, and it means possible strong movement in the near future.

Technical indicator ADX does not give an accurate signal on buying as 13-period +DI it is located above 13-period-DI, and itself ADX smoothly decreases. The index of the Commodity Channel has reached oversale zones, but thus the potential of decrease in dollar/franc is not settled yet.

On 4 hour chart a technical picture a bit different.

The exchange rate has returned to the bottom border of an ascending wedge and having beaten off from it has renewed descending movement.

Technical indicator ADX does not submit at present accurate signals as 13-period +DI it is located above 13-period-DI, but itself ADX does not grow. The index of the Commodity Channel has accurately no direction of movement and does not specify in a certain condition of the market (oversale or overbuying).

At present state  more preferable to remain out of the market