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 |
22 Juli | Daily chart: ragged flat within the bottom Bollinger envelope (1.0929-1.1086). ADX is very weak and corrective, which means there are no prerequisites for changing the situation. Н4: a better shaped horizontal corridor 1.0983-1.1086 Н1: an even better shaped flat range 1.0997-1.1040. If the corr | Daily chart: a continued consolidation of the price around the middle Bollinger band (1.3291) and no technical signals of change in this trend yet Н4: a horizontal range within Bollinger envelope (1.3074-1.3291) Н1: an even better shaped flat corridor 1.3174-1.3253. ADX is rising, but still weak | Daily chart: a well expressed bearish momentum from the upper Bollinger band (107.64) and growing ADX making the fall to 103.73 (middle Bollinger band) and 99.91 (the lower Bollinger band) much likely in the future. Н4: a flat zone within the envelopes 105.28-107.09 Н1: pressure from ADX indicat |
21 Juli | |||
20 Juli | |||
19 Juli | |||
18 Juli |