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.
2016 | EURUSD | GBPUSD | USDJPY |
23 Tháng mười hai | Daily chart: upward rollback has every sign of technical correction (not of a reversal and new uptrend). The pair is ready for a new decline to 1.0342 (lower Bollinger band). However, touch of middle Bollinger band (1.0569) is still possible. Here, around middle band, is the best range to enter mark | Daily chart: ADX is in trend and now the price might shift beyond lower Bollinger envelope (support level 1.2251 breakout) Н4: there is bullish convergence, it means that it's time to correct price up to 1.2346 or even to 1.2418 (middle and upper Bollinger bands). Н1: local support level is on l | Daily chart: inside bars succession triangle narrowed to the maximum, soon we will know the outcome. The pair is technically ready not only to reverse down, but also to decline. The first mid-term stop points are 115.20 and 111.37 (middle and lower Bollinger bands). Н4: horizontal range of Bollin |
22 Tháng mười hai | |||
21 Tháng mười hai | |||
20 Tháng mười hai | |||
19 Tháng mười hai |