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 |
09 Tháng mười hai | Daily chart: it seems that there is shaping an extending triangle, however, in general, downtrend remains. So wait for a descent towards lower Bollinger band (1.0489) Н4: there is upward correction after breakout of lower Bollinger envelope. Resistance level is 1.0714 (middle Bollinger band). Here | Daily chart: bears got down to business, so if support level 1.2519 (middle Bollinger band) will fall, bears would go towards lower band (1.2324). Considering quite passive ADX, all the interesting stuff appears to be postponed till the next week. Н4: Within this frame we see that 1.2519 level unli | Daily chart: the pair defenetely wants to take over 116.50 point (upper Bollinger band) - a false downward breakout of bullish inside bar occured yestersay, this is, as a rule, strong signal to buy. However, the pair is unlikely to go one way because it's overbought and ADX is falling despite the fa |
08 Tháng mười hai | |||
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05 Tháng mười hai |