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 |
| 01 September | Daily chart: ADX has entered active zone, so bulls can try medium- attack from current levels towards the upper Bollinger band 1.1366. Н4:the bottom Bollinger band became rounded, plus the bullish convergence oscillator. All these things may indicate an upward reversal towards 1.1246 (Upper Bolli | Daily chart: the pair continues to stay within the range 1.2895-1.3306 (Bollinger envelopes). ADX is very weak and is going through correction, so there is no reason for this trend to be changed. Н4: a better shaped resistance 1.3177 (upper Bollinger band), support - 1.3043 (bottom band). ADX als | Daily chart: a very active trend attack on ADX promises buyers good northern outlook (in the medium run - up to 106.30) Н4: local strong resistance 103.98 (the upper Bollinger band, plus the round psychological level). All indicators are heavily overbought. Support is around 102.45 (middle Bollin |
| 31 Agustus | |||
| 30 Agustus | |||
| 29 Agustus |
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