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

15 - 19 February	weekly forecast 15 - 19 February Weekly Review of S&P500, Brent, Gold S&P500 Monthly: Meanwhile, the index is trapped in the bottom Bollinger envelope, but in general we see the preparation of the next drop (probably after touch of the middle band - 1993.4) Weekly: we confirm magnetism around 1993.4 resistance zone. The goal of drop - support 1741.6. Daily: More
2016	EURUSD	GBPUSD	USDJPY
19 February	Flat is all day Daily chart: the possibility of achieving middle Bollinger line has been realized. Now we are expecting incipient upward wave to the upper line (1.1395) Н4: local support/ resistance levels are - 1.1091\1.1188 (bottom\upper Bollinger lines ). Н1: resistance is more localized on 1.1163 (upper Bo More	Intraday corridor 1.4323-1.4390 Daily chart: wide horizontal channel is 1.4164-1.4610. It is a rising tendency. Н4: side corridor 1.4224-1.4476 is more localized. Н1: intraday the price will probably be traded inside the upper Bollinger Envelope (1.4323-1.4390) Expectation: flat 1.4323-1.4390 Trading decisions: rest from tra More	Sell from the area 113.71-113.98 Daily chart: bears are going to dominate. There is a tendency to move to 111.27 (bottom Bollinger line). Н4: Bottom Bollinger Envelope has been broken through. We can sell from middle Bollinger line (113.98) to 111.27 Н1: Bottom Bollinger Envelope has been broken through and middle line - 113.71 i More
18 February	Daily price range is 1.1096-1.1163	Accumulation of trend potential	Side diapason is preparing to decrease
17 February	We are expecting growth to 1.1323	Sell to 1.4128	Sell to 112.21
16 February	Sell from 1.1186	The price will touch zone 1.4372	Purchases from 114.11
15 February	Start of a a rollback to 1.1240	We plan to buy around 1.4455	We shall buy around 113.47

FreshForex is a brand that provides access to online trading for clients from more than 200 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.

Forex Technical Analysis: Trend potential

Our best awards: