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.
2017 | EURUSD | GBPUSD | USDJPY |
27 tháng Giêng | Daily chart: we are observing downside correction towards support level at 1.0613 (middle Bollinger band). From there a new rise towards 1.0801 (upper Bollinger band)may be started. Н4: here we have active trending ADX, so breakout of 1.0613 is likely to occur. Н1: localized support level on low | Daily chart: for this moment we have a downside correction towards middle Bollinger band (1.2341). There is likely to occur starting from middle band rebound towards 1.2646 (upper Bollinger band) Н4: intermediate support level is in lower Bollinger band region (1.2460). ADX/RSI are correcting, th | Daily chart: the pair has reached strong resistance level at 115.06 (round psychological level and middle Bollinger band). It is highly likely that price will bounce down. However, if price will enter upper Bollinger envelope, breakout of 118.23 may be expected, although it won't change general scen |
26 tháng Giêng | |||
25 tháng Giêng | |||
24 tháng Giêng | |||
23 tháng Giêng |