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.
Example of Forex technical analysis
We'll choose any four conditional prices of an active status of price and will check, how indicators behaved before this growth. It is clear that the bottom one (ADX) started to grow, RSI prompted about the direction correctly. That is the method we will use for our task. Bollinger bands are another method we will apply to search for acceptable entry and exit points. One of their properties is movement of price within upper and bottom bands and bottom moving nabd. All that will help us to estimate trend and forecast market events for our instruments.
|10 - 14
10 - 14
标准普尔500 月线图: 振荡器已确认看跌背接接受事实，新的价格高点不匹配新的高点的需求。这是一个相当大的信号的预期逆转。然而，积极移动ADX复杂的情况。 周线图：下行逆转可能性的另一个证据是圆上布林带在2419.5区。支持水平在2290.7和2131.4（中、下布林带）。 日线图: 平交贸易走廊内布林带包络线范围（2338.3-2386.1）。ADX 显示没有活动的迹象，所指指会停留在这些限制在一周。 主要情况 - 在2338.3-2386.1持平。 另一种情况 - 降至2290.7 交易方案：考虑从2386.1卖至2338.3和2290.7。
Daily chart: the pair has confirmed flat scenario failing to touch middle Bollinger band (1.0699). Support level is still at 1.0543 (lower Bollinger band). Н4: more narrow flat corridor is within Bollinger envelopes range (1.0565-1.0665). ADX parameters are growing but not trending yet. So the pr
Daily chart: yesterday bears managed to protect resistance level in 1.2574 region (upper Bollinger band), Bollinger bands are narrowing down within 1.2346-1.2574 corridor. Considering growing trend ADX, this consolidation won't be long. Н4: here two supports are in 1.2469-1.2483 and 1.2384 region
Daily chart: support level in 119.00 region (lower Bollinger band) hold bearish pressure, despite of active trend ADX. So if the price breaks it, we may expect mid-term decline towards 105.00. On the contrary bulls have a chance to reverse the price to the upside, if support level in 119.00 won't