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 |
04 Tháng mười hai | Daily chart: the abnormal news bar broke the upper envelope, having covered 3-weeks' range, but meanwhile it has not impressed ADX, which turned away from bulls. This may mean a high probability of a strong downward correction prior to a possible full reversal of the euro up, which had been brewing | Daily chart: the middle Bollinger band (1.5147) was reached, from where, taking into account the downward attitude of the envelopes and insufficiently active ADX, we may expect another drop towards the bottom band (1.4976) before the main growth phase starts within the frames of the upward reversal | Daily chart: the pair continues to be squeezed within the trading range of Bollinger envelopes (122.04-123.64) Н4: the bottom envelope is formally broken, but the pair has substantial support at 122.60. This may lead to a rollback to the zone 123.13 (middle Bollinger band) Н1: the same situation. |
03 Tháng mười hai | |||
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30 Tháng mười một |