Main

Forex Technical Analysis: Trend potential

Presented method is the method of technical analysis, which statistics of accuracy is within the range of 60-70%. It is based on three key indicators (Bollinger bands, ADX and RSI) as well as on price levels and price action signals. Analyst Alexey Panasenko is the method's author.

Subscribe to our RSS
Forex Technical Analysis: Trend potential feed

Start
trading

OPEN
DEMO ACCOUNT

Forex Technical Analysis: Trend potential

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.

Example of Forex technical analysis

09 - 13 May	weekly forecast 09 - 13 May Weekly review of S&P500, Brent, oil S&P500 Monthly: The basic expectation is still the beginning of decline in the direction of the bottom Bollinger band (1923.3). Bullish momentum noticeably demonstrates weakness in the resistance zone 2111.7. Weekly: Here we also see a well-shaped bearish potential after a rebound from 21 More
2016	EURUSD	GBPUSD	USDJPY
13 May	We are looking for sales point to 1.1207 Daily chart: flat tendency to the middle Bollinger band (1.1361) is on. The price may get both to the upper band (1.1522) and to the bottom one (1.1207). Taking into account yesterday inside bearish bar, southern scenario will prevail Н4: a very active trend ADX anticipates attack of the support More	Goal is 1.4189 Daily chart: So, yesterday we received very strong signals to sales! This pinbar with a false breakdown of the inside bar, and a false breakdown was the second break in run. So there is a little now that can now prevent bears from lowering the price to the bottom Bollinger band (1.4189) Н4: local More	We shall omit this day Daily chart: the pair continues to cicrulate around the middle Bollinger band (108.73). ADX is weak, so, probably, the outcome will happen next week. Н4: the pair is clamped within the range of Bollinger envelopes (108.28-109.37). ADX is weak, it shows correction, so it is unlikely that the corri More
12 May	Zone of potential purchases - 1.1403	Looking for buying options around 1.4417	Sell to 106.56
11 May	50-points flat	Flat as a northern preparation	Looking for sales options on correction
10 May	Euro. Accumulation of the northern potential	Bulls are taking the lead	A downward reversal

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Forex Technical Analysis: Trend potential

Our best awards: