Forex

Yesterday the auctions were closed by a white candle, but with smaller potential, than on Friday that specifies in delay of ascending movement. As on the day chart the descending trading corridor remains, and the exchange rate has closely come nearer to its top border that puts psychological pressure upon bulls.

Technical indicator ADX does not give accurate signals on buying or sale as 13-period +DI is located above 13-period-DI, but itself ADX does not grow and is in area of "stagnation" after an exit from which as a rule it is possible to observe strong movements. Index of the Commodity Channel does not give accurate signals about a market condition (oversale or overbuying).

On 4 hours chart drawing can observe correction after a release from the top line of Bollindzhera (given scenario was considered in the last review). In a case if current hour will be closed at current levels or more low evening star will be generated candle turn model, and as the strengthening factor level of resistance 1.4550 can serve.

Technical indicator ADX does not give accurate signals on buying or sale as 13-period +DI is located above 13-period-DI, but itself ADX decreases. Index of the Commodity Channel left oversale zone and decreases that as specifies in possible decrease in pound/dollar.

Opening orders on sale is better to consider in case of breakdown support level 1.4440. Possible purposes of bears will be in that case located on 1.4300 and more low...