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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

08 - 12 Fevereiro	weekly forecast 08 - 12 Fevereiro Weekly Review of S&P500, Brent, Gold 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 Mais
2016	EURUSD	GBPUSD	USDJPY
12 Fevereiro	Flat 1.1282-1.1354 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. Mais	We are looking for sell signals at 1.4542 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 Mais	Possibly, strong support at 111.15 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 Mais
11 Fevereiro	We are expecting pair correction to 1.1213	We are expecting pair on support 1.4474	We are looking for signals and corrections in 111.89 zone
10 Fevereiro	Range from 1.1240 to 1.1335	Waiting for lowering correction from 1.45	Looking for sell signals on 115.50 and 116.31 levels
09 Fevereiro	A downward correction after rise to 1.1259	Rising flat	Waiting for continued decrease
08 Fevereiro	We should sell intraday from 1.1186	Potential zone of supply on the pair - 1.4640	Purchases in the direction of 119.9

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Forex Technical Analysis: Trend potential

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