Weekly reviews

USDJPY

Bulls are actively breaking the area of upper Bollinger band (112.36), that may drive to strong upward impulse distribution in direction of the 115.00-115.50 area.

Cryptocurrencies

Bears stalled the correction towards middle Bollinger band (7897.29) last week, confirming by that their control over the downtrend. 

GBPUSD

 Upswing wasn’t completed, therefore, possibility of growth will be preserved. Alongside we have to note that the week was closed with false upward break of the inside bar (and false breaks are often prove to be even more strong signals, than true breaks).

EURUSD

Upswing is, formally, completed, moreover, bulls not just failed to advance higher, but closed the week below the opening price of previous period. 

USDJPY

Active bullish ADX tells about presence of buyers’ pressure on resistance level 111.85 at upper Bollinger band

Cryptocurrencies

Bulls managed to guard support level 5444.19 at the lower Bollinger band

GBPUSD

Distinct weakening of bears in the area of support 1.3038-1.3048 is in progress.

USDJPY

Bearish inside bar, that was formed from support on upper Bollinger band (111.43).

Cryptocurrencies

ADX is growing and it’s very close to the trending area.