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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

28 December 2015 - 01 January 2016	weekly forecast 28 December 2015 - 01 January 2016 S&P500, Brent, Gold: weekly review S&P500 Monthly: very little time remained before closing month bar, and it is clear that nothing extraordinary will happen here. We expect the index to be based within the same range. Weekly: active bullish week, but we still expect strong resistance in the area of 2113.0 and a furthe More
2015 - 2016	EURUSD	GBPUSD	USDJPY
29 December	Narrow flat with the threat of "pins" Daily Chart: ADX is growing, but not it has not reached the trend value yet. We notice focus of the pair to the upper Bollinger band (1.1141), but do not expect hyper-activity in this regard today. Н4: the pair is flatting in the upper envelope 1.0949-1.10 Н1: also flat in the range of 1.0963-1. More	We should sell from 1.49 Daily chart: bulls failed to finalize even the middle Bollinger band (1.5011)), so now apparently, they will test the bottom band (1.4783) Н4: flat range 1.4817-1.4943 Н1: technical correction to the middle Bollinger band (1.49), from where with a high probability, the pair will go to the botto More	Descending flat Daily chart: the pair clearly shows a tendency to get lower. The nearest goal - bottom Bollinger band (119.64) Н4: one more support - 120.11. ADX in the active zone and the price can get further down. Н1: flat corridor 120.25-120.57 Expectations: flat 120.11-120.57 Trading solutions: sales from More
28 December	Premarket view on the euro. Analysis of Friday's close	Premarket view 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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