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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

02 - 06 November	weekly forecast 02 - 06 November Weekly report on Brent, Gold and S&P500 S&P500 Monthly: reversal down is still approaching. The final level of growth is the upper Bollinger band (2176.3) Weekly: confirm resistance zone 2169.5-2176.3 Daily: on the local level, as soon as the next week, downward correction in the direction of the middle and bottom Bollinger b More
2015	EURUSD	GBPUSD	USDJPY
06 November	Wait for NFP and… Daily chart: the bottom Bollinger band (1.0758) looks not finished that is a technical target today. But there are supposed to be other non-technical targets today, connected with the data NFP H4: the intermediate support at 1.0813 (the bottom Bollinger band). Any northern variants will be possible More	Technically — only sells Daily chart: the pair breaks the bottom envelope on the very active ADX and, if there is no NFP day, we could say the the pound enters the southern downward trend. But the news leaves the British a chance. Technically we wait for the fall in the 49th figure. Н4: absolutely the same situation. There More	Purchases to 124.00 Daily chart: strong trend bullish mood from ADX. Wait for the breakthrough above upper Bollinger band (122.15) and growth to 124.00-125.00. When news will be published these targets can be made today. Н4: the same situation. Buy only. The growth activation when above 122.15. Н1: more localized res More
05 November	A complex day	Flat till NFP?	Buy from 121.35
03 November	New decline	New wave of sales is possible	Ascending flat
02 November	Premarket review on the euro. Analysis of Friday's close	Premarket on the Pound. What we can expect on Monday	Premarket view on the Yen

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Forex Technical Analysis: Trend potential

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