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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.

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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

13 - 17 March	weekly forecast 13 - 17 March Weekly Review. S&P500, Brent, gold S&P500 Monthly chart: there are signs of oscillator divergence, which matches expectations of index weakening in weekly upper Bollinger band region (2414.6), so we may look for possible downward signals in this region. It is also worth to mention February upper Bollinger envelope breako More
2017	EURUSD	GBPUSD	USDJPY
17 March	Expecting Fall from 1.0800 Level Daily chart: here we have 50/50 The pair approached bearish Over&Under (1.08) and may start dropping at any moment now (see purple arrow), however, bulls have managed to break upper Bollinger envelope twice, so rise to 1.0837 is also possible. Н4: here we see bearish oscillator divergence, which More	Main Expectation – Decline Daily chart: we have upper Bollinger band breakout (1.2349), that allows bulls to break upper Bollinger band (1.2575). However, at such set-ups bearish inside bars are not uncommon, which is quite possible today. Н4: ADX shows very strong trend which may be either bearish or bullish. As long as r More	Bullish Over&Under from 112.13 Area Daily chart: broad flat continues in corridor of 112.13-115.18 (Bollinger envelopes range). ADX shows weak trend and correction, so market changes are not likely today. Н4: there is a strong potential demand area around 112.13 within the framework of bullish Over&Under pattern. Moreover, ADX More
16 March	Rollback to 1.0650 Area and Breakout of 1.0800 Expectations	Possible Breakout of 1.2400	We Expect rollback to 114.46 Area and New Attack to the Downside
15 March	Consider Selling from 1.0634 Area	Expecting the Price to Touch 1.2100 Area and Rebound	Bulls showed weakness
14 March	Slipping to 1.0593 Area	See What Happens with Support at 1.2100	All 3 Time Frames Suggest Rise
13 March	Wait and See Price Reaction on Resistance at 1.0728	Bullish Positional Advantage	Drop to 113.75

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Forex Technical Analysis: Trend potential

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