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 |
22 tháng Giêng | The daily chart: tendency to flat movement within the Bollinger envelope (1.0787-1.0993) Н4: localized range 1.0811-1.0882 Н1: southern pressure from ADX remains, potential bottom - the bottom Bollinger band (1.0796). Resistance is at 1.0851 (the middle band) Expectations: non-directional moveme | Daily chart: correctional dynamics in the direction of the middle Bollinger band (1.4549) Н4: inactive ADX, so we are waiting for resistance in the zone of the upper Bollinger band (1.4291), and rollback to the middle band (1.4203) Н1: we confirm resistance in the zone of the upper Bollinger band | Daily chart: we expect strong resistance around the middle Bollinger band (118.72), which can cut off the correctional wave and then bring the pair down again for more than 100 points. Н4: in the area of 118.27 there is a barrier, because now there is the upper Bollinger band, and growth is not o |
21 tháng Giêng | |||
20 tháng Giêng | |||
19 tháng Giêng | |||
18 tháng Giêng |