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.
2015 | EURUSD | GBPUSD | USDJPY |
18 Tháng mười hai | Daily chart: the downward correction has reached the bottom Bollinger band (1.0787), so we expect a new upward wave (to the upper band 1.1091). But there is also a scenario, under which the middle band is broken, and the euro will be falling back into zone of 1.06. Н4: technical pullback to the mi | Daily chart: bulls have the opportunity to carry correction to the middle Bollinger band (1.5086), but ADX is strong, so bears can carry out a new attack as well as to get new lows. Н4: more localized resistance 1.5020 (middle Bollinger band). Support 1.4838 (the bottom band). Н1: the level 1.4 | Daily chart: active work in the direction of the bottom Bollinger band (121.02), from which a rebound to the middle band (122.54) is possible, as meanwhile envelope are horizontal. Н4: a more localized support at 120.69 (the bottom Bollinger Band). Н1: four bars out of the Bollinger envelope - a |
17 Tháng mười hai | |||
16 Tháng mười hai | |||
15 Tháng mười hai | |||
14 Tháng mười hai |