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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

15 - 19 February	weekly forecast 15 - 19 February Weekly Review of S&P500, Brent, Gold S&P500 Monthly: Meanwhile, the index is trapped in the bottom Bollinger envelope, but in general we see the preparation of the next drop (probably after touch of the middle band - 1993.4) Weekly: we confirm magnetism around 1993.4 resistance zone. The goal of drop - support 1741.6. Daily: เพิ่มเติม
2016	EURUSD	GBPUSD	USDJPY
19 February	Flat is all day Daily chart: the possibility of achieving middle Bollinger line has been realized. Now we are expecting incipient upward wave to the upper line (1.1395) Н4: local support/ resistance levels are - 1.1091\1.1188 (bottom\upper Bollinger lines ). Н1: resistance is more localized on 1.1163 (upper Bo เพิ่มเติม	Intraday corridor 1.4323-1.4390 Daily chart: wide horizontal channel is 1.4164-1.4610. It is a rising tendency. Н4: side corridor 1.4224-1.4476 is more localized. Н1: intraday the price will probably be traded inside the upper Bollinger Envelope (1.4323-1.4390) Expectation: flat 1.4323-1.4390 Trading decisions: rest from tra เพิ่มเติม	Sell from the area 113.71-113.98 Daily chart: bears are going to dominate. There is a tendency to move to 111.27 (bottom Bollinger line). Н4: Bottom Bollinger Envelope has been broken through. We can sell from middle Bollinger line (113.98) to 111.27 Н1: Bottom Bollinger Envelope has been broken through and middle line - 113.71 i เพิ่มเติม
18 February	Daily price range is 1.1096-1.1163	Accumulation of trend potential	Side diapason is preparing to decrease
17 February	We are expecting growth to 1.1323	Sell to 1.4128	Sell to 112.21
16 February	Sell from 1.1186	The price will touch zone 1.4372	Purchases from 114.11
15 February	Start of a a rollback to 1.1240	We plan to buy around 1.4455	We shall buy around 113.47

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Forex Technical Analysis: Trend potential

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