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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

14 - 18 Marcha	weekly forecast 14 - 18 Marcha Weekly Review. S&P 500, Brent, Gold S&P500 Monthly: well expressed technical correction of the index and this trend is likely to continue for entire March and beginning of April. The trend in the beginning and, therefore, medium- trading traders should be looking for signals down at the beginning of next month Weekly: Tops Mais
2016	EURUSD	GBPUSD	USDJPY
18 Marcha	Skip the pullback to 1.1314 and sell to 1.1182 Daily: ADX is growing its potential and so far we cannot link it to the new possible downtrend against yesterday's broken upward Bollinger envelope. But a rollback to the middle band (1.1048) fits the middle-term bullish scenario. Н4: a better shaped support from the middle band (1.1182), from w Mais	Zone of possible purchases - 1.4377 Daily chart: Yesterday bulls ensured themselve an important positional advantage, breaking another local ceiling, therefore, despite a chance of a backward rollback, you must be very careful with sales (if not to avoid). We are waiting for a clear local signal to enter upwards and buy. Н4: Zone of Mais	Sell from 111.68 to 110.50 Daily chart: a strong trend potential is being accumulated in favor bears and there are no signs that the price would stop at the important support area 110.93. Therefore, with high probability, today sellers will force this area and consolidate below. Н4:a similar situation - expanding of enve Mais
17 Marcha	We are expecting bulls turn over on 1.1337 level.	Sell after rising 1.4348 zone	Sell to 111.00 and looking for bounce
16 Marcha	We are expecting flat day on EUR	100 pips decrease	Sell to 112.61
14 Marcha	Premarket view on EUR. Analysis of Friday closing	Can we take 250 bulls pips on Monday?	Premarket view on JPY

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Forex Technical Analysis: Trend potential

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