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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

04 - 08 April	weekly forecast 04 - 08 April Weekly scenario for S&P500,Brent and Gold S&P500 Monthly: bullish momentum is still here. However, we still see that ADX and RSI contradicts each other, which means that downward reversal of the index is coming. The ultimate level is 2154.5 (upper Bollinger band) Weekly : very complex area of 2106.5 resistance. But the local ADX เพิ่มเติม
2016	EURUSD	GBPUSD	USDJPY
08 April	We expect touch of 1.1350 and an upward bounce Daily chart: wide-scale restructuring against very active ADX. Overall character of the movement - North. But the pair is exactly in the middle of the upper Bollinger envelope, so with equal probability the price can either touch the middle band (1.1247) or hit the top band (1.1467). If support 1.1 เพิ่มเติม	We expect a multidirectional movement Daily chart: the bears aim to break the bottom envelope, as evidenced by growing ADX. The indicator's parameters did not reach the trend value, therefore, another pullback to the middle zone area (1.4354) likely to take place before the main mid-term phase of drop. Н4: Here we also have an expre เพิ่มเติม	Two levels, where we can search entry points down Daily chart: an active trend working along the bottom. At the same time, today's bar may be already the fourth outside the Bollinger envelope, which in turn can create some corrective trend in the direction of the middle band (112.29) Н4: also determined for correction with the possible target 110 เพิ่มเติม
07 April	Looking for buying options around 1.1378-1.1385	Hold on	Looking down to enter around 110.08 and 110.81
06 April	We sell the euro to 1.1233	Sell to 1.4054 and buy "British" back	Looking for chances to enter to the bottom
05 April	Two support points for possible purchases	Looking for upward entry points on a pullback	Flat day
04 April	Looking for Long-signals for the euro around 1.1328-1.1354	Sales around 1.4272-1.4285 by 120 points	Sell on a rollback to 112.12

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Forex Technical Analysis: Trend potential

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