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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

13 - 17 July	weekly forecast 13 - 17 July Weekly review of S&P500, oil and gold Monthly chart: Together with the oscillator, the price is moving upwards as ADX is falling. It means that index will reverse downwards at least to the middle Bollinger band (1964.1) – not above the upper Bollinger band (2182.0). Weekly chart:: even better shaped resistance on 2132.3 (the เพิ่มเติม
2015	EURUSD	GBPUSD	USDJPY
17 July	Key support for Euro - 1.0843 Daily chart bears still press and now a new support level is 1.0843 (the bottom Bollinger band). Below we have a small downfall to the 5th figure. Н4: resistance is on 1.0968 (the middle Bollinger band ). On the event a pullback to this area takes place, we can open sales. Н1: a better shaped resi เพิ่มเติม	Flat 1.5586-1.5636 Daily chart : the middle Bollinger band has put bulls in trouble. Н4: an ascending flow has been preserved here. Support is on 1.5586, resistance is on1.5701 (the middle and the upper Bollinger bands respectively) Н1: flat horizontal channel 1.5586-1.5636 Expectations: flat 1.5586-1.5636 Trading เพิ่มเติม	Taking a rest Daily chart: the price has preserved an ascending dynamics towards the upper Bollinger band (124.67) Н4: a better shaped resistance on the upper band (124.34) plus a correctional dynamics towards the middle (123.69) and the bottome ones (123.04) Н1: a narrow flat channel 123.94-124.17. Expectatio เพิ่มเติม
16 July	Possible demand in Euro – around 1.0882-1.0904	Today we have two scenarios	Sell signals may occur around 124.14
15 July	Flat but it is not boring	Waiting for an upward dash, pullback and chanced to enter in purchase	Equally probable scenarios
13 July	Looking to buy on this decline	Waiting for growth in the direction of 1.5650	Equally possible outcomes

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Forex Technical Analysis: Trend potential

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