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.
| 2015 | EURUSD | GBPUSD | USDJPY |
| 24 Juli | Daily chart: the middle Bollinger band (1.1026) has been reached and, in contrast to descending envelopes and passive ADX, we can expect decline to the bottom band (1.0784) prior to a new upward dash. Н4: Local support is on 1.0933. As we see, one more test of 1.1026 is possible. But ADX is not cor | Daily chart: accumulation around all three bands from three frames continues. Here we have a descending dynamics towards the bottom Bollinger band (1.5374) Н4: weak ADX. We expect flat within the bottom envelope (1.5491-1.5562) Н1: a better shaped resistance from the middle band (1.5531). Meanwhil | Daily chart: flat within the upper envelope (122.21-124.96) continues, whereas the spin axis is around 124.00. ADX parameter is not sufficient to replace current tendency. Н4:here is also flat 123.57-124.42 Н1: intraday corridor range 123.73-124.03 Expectations: flat 123.73-124.03 Trading decisio |
| 23 Juli | |||
| 22 Juli | |||
| 21 Juli |
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