Forex technical analysis helps to answer the questions: How to interpret Forex rates? Buy? Sell? Close a trade? Take profit or let it run for some more time? Will it face reversal or go trhough correction? Accept a loss and “flip over” or wait for some more time? Finally, how to define Forex trend?” All these questions drive a trader (mainly beginning) crazy, if he does not know the answer. By the way, who will dare to claim to know the answer? Forex exchange rates are cruel towards one's self-confidence and arrogant manner.
Nevertheless, it is subject to regularities and daily techical analysis forex. There are plenty of strategies on Forex trend lines. We are not so much interested with the direction of fx rate along major lines (this is interesting too, though) as with the Potential of the Forex trend. The main purpose of our Forex technical analysis report named "Potential of Trend" is to find if current price goes through correction either we face a trend.
| 2016 | EURUSD | GBPUSD | USDJPY |
| 03 November | Daily chart: the pair confidently displayed in the upper Bollinger envelope and now the goal is the upper band (1.1217). Downward correction is likely to appear soon. H4: there is bullish potential. But the high overbought, so the case is obviously closer to the downward pullback toward the middle | Daily chart: the pair displayed in the upper Bollinger envelope, and it is directed to the upper zone (1.2581), but we see ADX adjustment that may indicate a lack of trend potential in the Northern movement. H4: locally we have an active ADX, so buyers can set new highs on a considerable height fro | Daily chart: the pair is making a breakthrough of the lower Bollinger envelope, but everything happens on the adjustment ADX, which usually means the lack of trend potential breakout levels. So expect a bounce up from the area of 102.42. H4: the pair is oversold, and some formation of an inside bar |
| 02 November | |||
| 01 November | |||
| 31 October |
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