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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

18 - 22 January	weekly forecast 18 - 22 January Review: S&P500, Brent, Gold S&P500 Monthly: support 1866.6 (the bottom Bollinger band) is close. If the bottom envelope is broken, a downward reversal will be ensured. Weekly: as we see, support Zone 1866.6 is under load, we waiting for a breakthrough and then a rollback into the zone of the middle band (2011.2) dail More
2016	EURUSD	GBPUSD	USDJPY
22 January	Range 1.0796-1.0851 The daily chart: tendency to flat movement within the Bollinger envelope (1.0787-1.0993) Н4: localized range 1.0811-1.0882 Н1: southern pressure from ADX remains, potential bottom - the bottom Bollinger band (1.0796). Resistance is at 1.0851 (the middle band) Expectations: non-directional moveme More	We expect decline from 1.4291 Daily chart: correctional dynamics in the direction of the middle Bollinger band (1.4549) Н4: inactive ADX, so we are waiting for resistance in the zone of the upper Bollinger band (1.4291), and rollback to the middle band (1.4203) Н1: we confirm resistance in the zone of the upper Bollinger band More	We expect growth to 118.72 and then a downward rollback Daily chart: we expect strong resistance around the middle Bollinger band (118.72), which can cut off the correctional wave and then bring the pair down again for more than 100 points. Н4: in the area of 118.27 there is a barrier, because now there is the upper Bollinger band, and growth is not o More
21 January	Intraday range 1.0867-1.0919	Flat in the range of 1.4143-1.4200	Sales from 117.20
20 January	Nervous flat will continue	Potential bottom is around 1.4116	Equiprobable scenarios
19 January	We should sell from around 1.0885	Can buy on correction	Buy from the zone of 117.47 to 118.22
18 January	Range 1.0879-1.0950	We shall determine the sale point for today	We should sell from around 117.49

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Forex Technical Analysis: Trend potential

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