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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

22 - 26 August	weekly forecast 22 - 26 August Strategies for S&P500, Brent, Gold S&P500 Monthly: everything looks like northern accumulation, but ADX is far from the trend zone, so the index may be delayed inside the upper Bollinger envelope (2062.8 - 2175.5) Weekly: a similar situation here. The range is more localized: 2100.9 - 2203.2 Daily: a better shaped horiz เพิ่มเติม
2016	EURUSD	GBPUSD	USDJPY
26 August	Growth to 1.1341 Daily chart: the last day was closed with bullish inside bar, which gives buyers a chance to finalize 1.1381 (Upper Bollinger Band). Since ADX is falling, breakthrough above is not expected. Н4: a better shaped resistance 1.1341 (upper Bollinger band). ADX has not reached the zone trend yet, but เพิ่มเติม	Bullish potential remains Daily chart: ADX is very active and is close to the trendline area, so the upper Bollinger band (1.3361) may be under significant load, which in turn will lead to a breakthrough of the upper Bollinger envelope. But if this level withstands, we will see another pullback to the middle band (1.3115) เพิ่มเติม	Decline to 100.04 and followed by an upward rollback Daily chart: the pair retains southern orientation towards 99.00 (bottom Bollinger Band). At the same time, bears have no potential for a deeper breakthrough, cause ADX is turned down and is going through correction. It can also talk about continuation of flat at the current levels. Н4: calm flat เพิ่มเติม
25 August	The range 1.1242 - 1.1272	A downward reversal	Flat continues
24 August	Decline to 1.1185	Decline to 1.3045	Flat 100.02 - 100.43
23 August	Zone 1.1378 can be finalized	Bulls can reach 1.3345	Support lines on a ways of decline: 99.81 and 99.45
22 August	A continued downward correction	An upward pullback within the day's flat	Preparing to growth to 102.20

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Forex Technical Analysis: Trend potential

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