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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

20 - 24 Fevereiro	weekly forecast 20 - 24 Fevereiro Weekly Review. S&P500, Brent, gold S&P500 Monthly chart: ADX is growing and is close to trend. As before, we don't now where American companies' capitalization high but it is obvious that Trump encourages the market. From the technical point of view, we may fully rule selling out from trading strategies. Weekly chart: here we Mais
2017	EURUSD	GBPUSD	USDJPY
22 Fevereiro	Expecting fall to 1.0352 Daily chart: local bullish Over&Under pattern that we discussed yesterday was destroyed, so euro is likely to fall fast towards 1.0352 - ADX trending potential is very strong. Н4: there is similar situation: ADX is extremely aggressive, bears have absolute position advantage and are free to sta Mais	Continuing flat in 1.2407-1.2530 range Daily chart: the pair is still in flat corridor within Bollinger envelopes (1.2400-1.2619). Bollinger bands are narrowing down, which can indicate preparing distribution of accumulated volumes. Н4: more localized flat corridor of 1.2400-1.2530. ADX is passive, so there is no trend potential and t Mais	113.08-113.85 range Daily chart: the pair entered flat corridor of 111.73-114.84 (Bollinger bands range). ADX is weak yet, so the pair may rotate around middle Bollinger band (113.08) Н4: Bollinger envelopes are stable within more localized flat corridor of 112.71-113.83. We also have weak and corrective ADX, so we Mais
21 Fevereiro	Today key region is 1.0561	Flat corridor 1.2400-1.2503	100-pip trading corridor
20 Fevereiro	Nice trading plan for you	Buying Pound at 1.2357-1.2379	111.73 region breakout expectations

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Forex Technical Analysis: Trend potential

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