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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

25 - 29 Janeiro	weekly forecast 25 - 29 Janeiro Weekly review: S&P500, Brent, Gold S&P500 Monthly : so the price has successfully reached the bottom Bollinger band and has broken a new Low, confirming the trend reversal. ADX has not yet turned around and did not reach the trend value, so a rollback to the middle Bollinger band (2005.9) is possible, and then a new phase of d Mais
2016	EURUSD	GBPUSD	USDJPY
29 Janeiro	We shall trade support 1.0896 Daily chart: Meanwhile, Bollinger envelopes are stable, but we that ADX is building its capacity in favor of bulls. Medium-term entrance will be enabled by break of the top envelope, we we should do not hurry with entrance. Н4: return to the area of the middle Bollinger band (1.0888) is very like Mais	Key levels - 1.4294 and 1.4405 Daily chart: we expect a strong resistance in the 1.4427 area (middle Bollinger band), as approach to the level is against a falling ADX Н4: we also see the barrier in the area 1.4405-1.4427. Support is at 1.4294 (middle Bollinger Band). Н1: we confirm support levels and resistance 1.4294\1.4405 Mais	Looking to buy on downward pullbacks Daily chart: strong resistance around zone 120.23 (the upper Bollinger Band), support is 118.32 (middle band). Н4: here is northern dynamics of the pair on the background of news from Japan. Н1: overboughtness plus weakness of ADX make the probability of a downward rollback toward the middle Bol Mais
28 Janeiro	Decline to 1.08	A downward rebound from 1.4326	An upward impulse is possible
27 Janeiro	Purchases to 1.0921 and possibly to 1.0976	We expected correction to the zone of 1.4230	Flat
26 Janeiro	Test of the "North" (1.09) is possible	Preparing to drop	Two scenarios for the yen
25 Janeiro	Premarket view on the euro. Analysis of Friday's close	Premarket view on the pound. What we can expect on Monday	Premarket view on the yen

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Forex Technical Analysis: Trend potential

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