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 9月 | The daily chart: Euro has been brought to the lower envelope, so you can expect a gradual decline to the lower Bollinger band (1.0858). Resistance, on which you can find the entrance to a movement - is the middle Bollinger band (1.12) Н4: middle line within this frame - 1.1219. Local support - 1.11 | The daily chart: continued pressure in the direction of the strong support 1.5178. Н4: in turn, here we see a a developing convergence, which, as a rule, weakens bearish trend. Confirmation would be rise to the upper Bollinger line (1.5377) Н1: local resistance - 1.5281 and 1.5295. Support at 1.5 | The daily chart: decline to the lower Bollinger band (117.84) continues. Н4: active building of ADX potential, so, after a brief upward correction, you can expect resumption of the fall. Н1: bullish convergence may trigger a rollback in the area of 120.56 (the upper Bollinger band) Expectations |
| 03 9月 | |||
| 02 9月 | |||
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| 31 8月 |
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