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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 September - 02 October	weekly forecast 28 September - 02 October S&P500, Brent, gold: weekly review S&P500 Monthly: As you can see, so far, structure of movement is rising. We will admit a complete reversal of the index only with a breakdown of support 1794.2. Weekly: Not only breakdown of the local trend line is already present here, but retest of the bottom (which is a usual tact More
2015	EURUSD	GBPUSD	USDJPY
02 October	NPF flavor The daily chart: flat inside Bollinger envelopes continues (1.1084-1.1372). Perhaps, NFP report will throw the pair out of this movement. Н4: a similar picture, but with a more localized flat borders- 1.1137-1.1281 Н1: a more localized resistance 1.1210 (Upper Bollinger Band). Expectations: fla More	Target is 1.5020, but an upward rollback is probable The daily chart some divergence, however, in view of active ADX, there is no reason to doubt in the ability of bears to lower the price to the bottom Bollinger band (1.5020) Н4: > not simple support at 1.5113, which may for some time drop the pound up to the top Bollinger band (1.5201) but it does More	Still waters The daily chart: a continued flat within the range of Bollinger envelope (119.27-120.91) Н4:a narrower flat range 119.52-120.28 Н1: a similar situation. But today the factor of "Still waters" will certainly be present (NFP). Expectations: flat within the range 119.53-120.28 solutions: 1) Caref More
01 October	Trading within the range 1.1143-1.1206 is possible prior to drop	An upward pullback is possible, but NO purchases	Flat 119.68-120.28
29 September	Meeting resistance at 1.1264	Short-range 1.5159-1.5220 as a preparation for a new phase of decline	Flat 119.46-120.10
28 September	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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