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 |
27 Mei | Daily chart: a continued technical correction around the middle Bollinger band (1.1323), but against the backdrop of expanding envelopes and a hint at a downward reversal of the oscillator, we can anticipate a drop to the bottom band (1.1091) without a continued correction. Н4: here we notice | Daily chart: ADX lacks distribution and that probably confirms strength of walls of the upper Bollinger envelope (1.4544/1.4735, the middle/upper band) Н4: divergence of oscillator, rounding of of the top envelope - all these are bearish arguments, so it is possible to expect drop to 1.4448 (lowe | |
26 Mei | |||
25 Mei | |||
24 Mei | |||
23 Mei |