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Presented method is the method of technical analysis, which statistics of accuracy is within the range of 60-70%. It is based on three key indicators (Bollinger bands, ADX and RSI) as well as on price levels and price action signals. Analyst Alexey Panasenko is an author of the method.

Analisis Teknis Forex

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

2016 EURUSD GBPUSD USDJPY
23
September

Daily chart: nothing has changed: euro is still within Bollinger envelopes (1.1125-1.1285). ADX is very passive, so basically the price will fluctuate around the middle band (1.1207) Н4: the price has broke through the upper Bollinger envelope, so the basic expectation is a surge after a seconda

Daily chart: yesterday, after the inside bar from the lower Bollinger band the pair has predictably moved up. But there are still very weak ADX parameters, therefore, the movement will be multi-directional. Н4: ADX in the active trend area for benefit of buyers. If northern scenario is implemente

Daily chart: as we expected, the price has bounce off the lower Bollinger band (100.26) upward. ADX is rising, so bulls have a chance to consolidate their success, even more so that the space for movement up to 104.00 (the upper Bollinger band) is open. Н4: Here, in turn, there is very weak ADX,

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