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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 an author of the method.

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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

10 - 14 April	weekly forecast 10 - 14 April Weekly Review. S&P500, Brent, gold S&P500 Monthly chart: oscillator has confirmed bearish divergence accepting the fact that new price highs do not match new highs of demand. This is quite a significant signal of much expected reversal. However, actively moving ADX complicates the situation Weekly chart: another evide เพิ่มเติม
2017	EURUSD	GBPUSD	USDJPY
14 April	Trading within Lower Bollinger Envelope on H1 Chart Daily chart: the pair has confirmed flat scenario failing to touch middle Bollinger band (1.0699). Support level is still at 1.0543 (lower Bollinger band). Н4: more narrow flat corridor is within Bollinger envelopes range (1.0565-1.0665). ADX parameters are growing but not trending yet. So the pr เพิ่มเติม	Declining Flat Daily chart: yesterday bears managed to protect resistance level in 1.2574 region (upper Bollinger band), Bollinger bands are narrowing down within 1.2346-1.2574 corridor. Considering growing trend ADX, this consolidation won't be long. Н4: here two supports are in 1.2469-1.2483 and 1.2384 region เพิ่มเติม	Selling Only Daily chart: support level in 119.00 region (lower Bollinger band) hold bearish pressure, despite of active trend ADX. So if the price breaks it, we may expect mid-term decline towards 105.00. On the contrary bulls have a chance to reverse the price to the upside, if support level in 119.00 won't เพิ่มเติม
13 April	Another 100-pip Rise after Possible Rollback	Expecting Breakout of 1.2619 Region	Decline Continues
12 April	Unclear Set-up	Consider Selling to 1.2417	Expecting Decline Continuation after Touching 109.83
11 April	Multidirectional Scenarios	Resistance Area of 1.2421-1.2436	Flat Continues
10 April	New Bearish Attack Possible	Consider Entering Down at Upside Rollback	Consider Entering Long in 111.10 and 110.46 Areas

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Forex Technical Analysis: Trend potential

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