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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

17 - 21 August	weekly forecast 17 - 21 August Weekly Review: S& P500, oil, gold S&P500 Monthly chart:index continues to consolidate within the July range, it is possible to form the inside bar. Support for a possible downward correction - the middle Bollinger band (1986.3) Weekly: flat corridor 2056.2-2133.5 The daily chart: here we also see the flat. Index rece เพิ่มเติม
2015	EURUSD	GBPUSD	USDJPY
21 August	The euro is aimed at 1.1386 The daily chart the euro is oriented towards bearish O & U - 1.1386, but first a pullback is very likely to happen to the middle zone of Bollinger band (1.1035). Н4: more localized support for upward movement - 1.1102 (middle Bollinger Band). Н1: and even more localized support - 1.1171. Expectat เพิ่มเติม	Consider buying from 1.5630 The daily chart: the general northern dynamics of the "British" is gradually confirmed. We expect that the price will reach the area of 1.58 soon. Н4: local support 1.5651 (the middle Bollinger band) is quite suitable for buying (or search for Long-signal) Н1: flat range 1.5630-1.5709. Expecta เพิ่มเติม	The price continues to decline The daily chart: forced bearish pressure is , however, ADX has not yet received the trend values, therefore, the price is still able to roll back in the upward direction. Н4:breakout of the bottomBollinger envelope, with the potential to decline to 123.00-123.16 . Entrance can be made around the เพิ่มเติม
20 August	A very difficult resistance zone 1.1150-1.1178	Northern preparation	Selling to 123.36
19 August	Expecting breakdown of support 1.10	Expecting a pullback to 1.5580	Fence
18 August	Tendency towards decline	Trading between 1.5567 and 1.5620	Flat in the corridor 124.17-124.55
17 August	Forecast for the euro on Monday	The forecast for the pound on Monday	Flat 124.17-124.52

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Forex Technical Analysis: Trend potential

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