Forex

On the day chart the descending trading corridor remains. Yesterday's trading day was closed by a candle under the name doges (the price of opening and the price of closing trading day are almost equal each other) that specifies in possible end ascending correctional movement. At present the auctions pass near an average line of Bolindzhera which is strong support level 1.4400. Breakdown of the given level can strengthen descending movement.

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 (overbuying or oversale).

On four hour chart it is well visible as from the American session of Friday the auctions pass in a range 1.4400-1.4630 and at present its bottom border is tested. The previous four hour candle is called "Falling star" and gives a turn signal downwards that it is actually possible to observe the third hour successively (pound has promptly decreased more than on 100 points).

Technical indicator ADX gives an indistinct signal on sale as 13-period +DI it is located more low 13-period-DI, but itself ADX yet has not begun growth. Index of the Commodity Channel has entered into oversale zone and decreases.

In the present state of affairs it is possible to consider new orders opening on sale in case of breakdown level 1.4400. The first possible purpose of bears will be located on 1.4300