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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

08 - 12 June	weekly forecast 08 - 12 June Weekly review of S&P500, gold and oil S&P500 Monthly chart: an long-awaited reversal? It seems much likely. Bollinger bands are rounded off and divergence presents. We wait the index to reach the middle Bollinger band (1949.6), though it can even more serious. Weekly chart: intermediate support is based the bottom Bollinger เพิ่มเติม
2015	EURUSD	GBPUSD	USDJPY
11 June	Fight is on Daily chart: bulls continue to terror bears, who are ready for it but also reserved a chance to make a revenge. Until resistance O&U (1.1466) is broken, euro can fall down to the bottom Bollinger band (1.0818). If 1.1466 is broken, we will face a notable trend's middle-term growth in the direction o เพิ่มเติม	Buying in the area 1.5375 Daily chart: a local correction to the down part and it is possible that we have an ordinary bullish broken Inside Bar, whereupon the pair will keep on growing in the direction of the upper Bollinger band (1.5777) Н4: local support from the middle Bollinger band (1.5375), intraday resistance - 1.55 เพิ่มเติม	We shall sell from 124.00 >Day chart: we have a predicted technical pullback from a strong support represented by the middle Bollinger band (122.54), which finds its place within a pullback to the entrance point according to the pattern O&U (125.00) Н4: here we have pullback to the middle Bollinger band(124.06) after a brea เพิ่มเติม
09 June	Fight	Looking for signals to enter upward	Waiting for attack of 123.76 and start of decline to 122.26
08 June	Working on euro down	Descending dynamics with a possible flat	Control range 125.00-125.72

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Forex Technical Analysis: Trend potential

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