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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.

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

08 - 12
Fevereiro
weekly
forecast
08 - 12
Fevereiro

S&P500 Monthly: the downward trend is gathering pace. Apparently, we can wait when the price reaches its medium-term target - 1574.7 - as soon as by spring. An outlook of drop could be even more far-reaching. Weekly: ADX activity is growing, so we are waiting when the price reaches 1741

2016 EURUSD GBPUSD USDJPY
12
Fevereiro

Daily chart: the downward correction is getting closer, but growth potential is still here, it is limited by resistance 1.1431 Н4: a more localized resistance 1.1366 (upper Bollinger band), support is in the area of ​​the middle band (1.1282) Н1: the frame has a flat status, the range is 1.1282-1.

Daily chart: flat within the upper Bollinger envelope (1.4372-1.4628) Н4:a more localized horizontal range 1.4392-1.4542, with the rotation axis 1.4471 (the middle Bollinger band) Н1: a rising phase of the flat. The resistance points are 1.4497 and 1.4542. On one of these levels we are looking for

Daily chart: the downward pressure to in the 110th figure remains. Н4: local support is at 111.15 (the bottom Bollinger band). Н1: we confirm a horizontal local flat range 111.15-113.04 with intermediate resistance on the middle band (112.26) Expectations: decline towards 111.15 and rebound to

11
Fevereiro
10
Fevereiro
09
Fevereiro
08
Fevereiro
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