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

10 - 14 August	weekly forecast 10 - 14 August Weekly review: S&P500, oil, gold S&P500Monthly chart: bulls can’t make it. Flat\correction continues. Weekly chart: the sideways range 2055.2-2136.9 is kept. ADX is not close to the penetration this week but we expect it to break down. Daily chart: a flat corridor with a local resistance of 2050.6-2136.9 More
2015	EURUSD	GBPUSD	USDJPY
14 August	Buys from 1.1089 Daily chart: bulls made the pin-shaped inside bar after the breakthrough of the upper Bollinger envelope. So we can see 1.1386 soon. In advance we can probably see the pullback to the middle Bollinger band (1.0984), in this case, we buy to 1.1386 medium-term. Н4: the localized support 1.1089 (the m More	Work in the corridor 1.5586-1.5632 Daily chart: the flat is continued within the price pressed in the Bollinger envelopes (1.55--1.5664). Н4: more localized flat corridor - 1.5557-1.5640. Н1: also flat state of ADX and flat Bollinger corridor - 1.5586-1.5632. Expectations: flat 1.5586-1.5632 Trading solutions: 1) Work in the corri More	The flat day Daily chart: the pair entered the flat corridor 123.36-125.00, and we can’t ignore the northern direction of the pressing. Н4: the local tend to the decline till 123.90 (the bottom Bollinger band) Н1: very narrow corridor 124.33-124.49. It is not clear how the pair will stay in such narrow corrido More
13 August	Wait for the correction down and then the growth to 1.1212	Strong resistance 1.5664	Sell again on the pullback up
12 August	Wait for the decline from 1.1089 to 1.0970	Flat 1.5550-1.5600	We wait for one more impulse up and then the pivot
11 August	Buy from 1.0977	Buy from 1.5522	The corridor 124.30-124.78
10 August	We expect strong resistance 1.0991	Support 1.5452, resistance 1.5537	Support 124.00, resistance 124.53

FreshForex is a brand that provides access to online trading for clients from more than 158 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: