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 |
| 10 Juli | Daily chart: all chances to move to O&U (1.1386). Strong resistance 1.1179 (the middle Bollinger band ) is waiting for the pair because ADX/RSI counters the movement. Bounce from this area down and a new decline down to 1.0945 is an equally possible event. Н4: attack of the upper envelope with acti | Daily chart: We have received Inside Bar from the bottom Bollinger band . That enables bulls to push the price to the upper band (1.5920) Н4: resistance 1.5588 (the upper Bollinger band ) can cast the pair away to the middle (1.5435) band. From the point, a major upward middle-term wave may emerge | Daily chart the pair is actively moving towards the middle Bollinger band (123.04), from where we expect a new downward wave to (the bottom band). Н4: here we have a similar layout. 123.04 – a strong resistance that can be used to open short trades. Н1: breakthrough of the the upper envelope in |
| 08 Juli | |||
| 07 Juli | |||
| 06 Juli |
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