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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

06 - 10 Fevereiro	weekly forecast 06 - 10 Fevereiro Weekly Review. S&P500, Brent, gold S&P500 Monthly chart: moderate index growth tendency is still valid, ADX is getting active. Such a situation is negative for trading: one need to buy with huge stops and it's dangerous to sell counter trend. So trading is recommended only on lower charts. Weekly chart: there is a potential h Mais
2017	EURUSD	GBPUSD	USDJPY
10 Fevereiro	Day Range - 1.0648-1.0701 Daily chart: bears destroyed yesterday pinbar with no help from ADX. In general, it confirms drop expectations towards 1.0580 (lower Bollinger band), however flat drop is also possible. Н4: here we are observing the price trapped inside lower Bollinger envelope range (1.0638-1.0701) Н1: locally Mais	Flat Potential Keeps Growing Daily chart: the pair still moves around middle Bollinger band (1.2445) ramping up potential. ADX is slipping and weak, so we are not expecting any changes today. Н4: horizontal flat corridor is inside Bollinger envelopes range (1.2400-1.2586). We can confirm bearish Over&Under pattern that we me Mais	Drop is coming Daily chart: ADX/RSI sharply changed to correction, by this it confirms strong resistance level at 113.52 (middle Bollinger band). Н4: strong ADX, however, there are four pinbars in the row beyond Bollinger envelopes (that is reversal signal). In any case this chart needs correction towards 112.4 Mais
09 Fevereiro	Fight of opposites again	Another Flat Day	Range of 111.68-112.38
08 Fevereiro	100-pip decline expectations	Flat day expected	50/50
07 Fevereiro	Potential region for selling	Round level 1.2500 for trading	Bearish control

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Forex Technical Analysis: Trend potential

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