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 |
16 Desember | Daily chart: as we can see it's hard for bears to hold their ground. Oscillator shows bullish convergence (it didn't repeat the price's shift for new lows), that means buyers have a chance to force correction towards middle Bollinger band (1.0606) Н4: more localized resistance level is 1.0557 (mi | Daily chart: lower Bollinger band (1.2322) is not touched yet, so buyers waiting for correction should be careful because pair can touch such levels impulsively. Н4: ADX/RSI parameters are correctional. Moreover, bulls managed to make inside bar in the area of lower Bollinger band. That makes it po | Daily chart: upward correction is close. Upper envelope is broken, indicators are in their extremes and oscillator shows bearish divergence. Н4: level of possible high is 119.02 (upper Bollinger band and round psychological level). From here the pair might start declining towards support levels 1 |
15 Desember | |||
14 Desember | |||
13 Desember | |||
12 Desember |