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 June	weekly forecast 01 - 05 June Gold, oil and S&P500 this week S&P500 Monthly chart: we still wait when the index will reverse to correction. Marginal area is represented by the upper Bollinger band (2197.7). Weekly chart: a local flat corridor within the range 2007.8-2150.2 Day chart: even a better shaped flat area 2078.7-2142.6 Expectations: fla เพิ่มเติม
2015	EURUSD	GBPUSD	USDJPY
05 June	Daily pinbar is traded >Daily chart: So, it seems that yesterday the price started to pefrom according to O&U. We shall sale from the area 50% of pinbar (1.1290) Н4: here bulls have a potential to respond: a good Inside Bar from the middle Bollinger band can break both pin and O&U. Fight is coming. Nevertheless, only wh เพิ่มเติม	We shall sell to 1.52 Daily chart: It is 50% to 50% breakdown. Meantime bulls develop their movement, provided that structure is preserved, but there is also some attentuation. We are quite able to see leave to the bottom Bollinger band (1.5137). Н4: a strong intermediate support 1.52 (the bottom Bollinger band) Н1: on เพิ่มเติม	We shall buy from the area 124.12-124.40 Daily chart: we have got a false breakthough of Inside Bar and thereby Northern determination has been proved once again. Meawhile, target is still based on 125.88. We cannot see further, cause overboughtness is rather strong. Н4: here is a divergency of oscillator which conveyes attentuation of bu เพิ่มเติม
04 June	Waiting at 1.1390 with Limit orders prepared	We shall buy from 1.5280	Flat 124.04-124.57
03 June	Key level - 1.1137	A new phase of bulls is probably starting	We shall buy to 123.53
02 June	Today's range 1.09-1.0952	Selling pound to 1.5242	We sell to 123.37
01 June	We buy from 1.0852 to 1.1000	Trading both sides within the channel 1.5253-1.5307	Channel 123.83-124.31

FreshForex is a brand that provides access to online trading for clients from more than 158 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: