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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

09 - 13 May	weekly forecast 09 - 13 May Weekly review of S&P500, Brent, oil S&P500 Monthly: The basic expectation is still the beginning of decline in the direction of the bottom Bollinger band (1923.3). Bullish momentum noticeably demonstrates weakness in the resistance zone 2111.7. Weekly: Here we also see a well-shaped bearish potential after a rebound from 21 เพิ่มเติม
2016	EURUSD	GBPUSD	USDJPY
13 May	We are looking for sales point to 1.1207 Daily chart: flat tendency to the middle Bollinger band (1.1361) is on. The price may get both to the upper band (1.1522) and to the bottom one (1.1207). Taking into account yesterday inside bearish bar, southern scenario will prevail Н4: a very active trend ADX anticipates attack of the support เพิ่มเติม	Goal is 1.4189 Daily chart: So, yesterday we received very strong signals to sales! This pinbar with a false breakdown of the inside bar, and a false breakdown was the second break in run. So there is a little now that can now prevent bears from lowering the price to the bottom Bollinger band (1.4189) Н4: local เพิ่มเติม	We shall omit this day Daily chart: the pair continues to cicrulate around the middle Bollinger band (108.73). ADX is weak, so, probably, the outcome will happen next week. Н4: the pair is clamped within the range of Bollinger envelopes (108.28-109.37). ADX is weak, it shows correction, so it is unlikely that the corri เพิ่มเติม
12 May	Zone of potential purchases - 1.1403	Looking for buying options around 1.4417	Sell to 106.56
11 May	50-points flat	Flat as a northern preparation	Looking for sales options on correction
10 May	Euro. Accumulation of the northern potential	Bulls are taking the lead	A downward reversal

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Forex Technical Analysis: Trend potential

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