Main

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.

Subscribe to our RSS
Forex Technical Analysis: Trend potential feed

เริ่มเทรด

เปิดบัญชีทดลองใช้

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

01 - 05 February	weekly forecast 01 - 05 February Weekly review: S&P500, Brent, Gold S&P500 Monthly chart: the index “bounced” from the bottom Bollinger band but it barely changes the full tendency for the reverse down. Weekly chart: strong resistance in the zone of the middle Bollinger band (2004.1), we wait for the bounce down. Daily chart: we note the resistance zone เพิ่มเติม
2016	EURUSD	GBPUSD	USDJPY
05 February	Wait for correction from 1.1258 Day chart: the pair had a raise after breaking of upper Bollinger envelope, that’s why both scenarios are equally (black/red arrows). H4: the pair didn’t test upper Bollinger band (1.1246). And the price is expected to move downwards to middle Bollinger band (1.1006). H1: the price is going toward เพิ่มเติม	Wait for decline to 1.4372 Day chart: as we can see, upper Bollinger band is a strong resistance level, so we can wait for pull back to middle Bollinger band (1.4372) H4: there is a local support at 1.45 (middle Bollinger band), but the price may go towards 1.4322- 1.4372 zone. H1: ADX is active and low envelope is under at เพิ่มเติม	Buy JPY Day chart: so, the price has achieved bullish O&U, so the main scenario is prive moving to upper Bollinger band (120.51), and then even more to 123.00. H4: local resistance is 118.74 (middle Bollinger band). H1: there is a bullish oscillator convergence here . Local support is located at 116.52, r เพิ่มเติม
04 February	Wait for downward correction	1.4632-1.4677 resistance zone, 1.4510 support level	Wait for 116.50 level and buy in middle term
03 February	Soon the price will dash upwards	Flat	An almost 200-points' potential to drop
02 February	Buy euro	Buy from 1.4286-1.4316 zone	Short positions from 120.89
01 February	Key resistance level of 1.0849	1.4248-1.4301 flat	Lowering flat

FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Forex Technical Analysis: Trend potential

รางวัลที่ดีที่สุดของเรา: