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 |
| 03 Juli | Daily chart: the bottom Bollinger band withstood, ADX is active enabling bulls to move up to 1.1386, where we still wait our entrance down to the middle-term movement of euro to 1.07-1.08 based on the pattern O&U. Н4: As we see, here ADX is weak, so we are waiting for a strong resistance around the | Daily chart: the middle Bollinger band has refrained bears yesterday which enables bulls to attack up to the upper band (1.5960). Now sellers need to break yesterday's Low to claim for a new decline (marked by the black arrow). Н4: ADX/RSI, can be a sign of one more downward wave to 1.5556, from | Daily chart: yesterday brought bears' inside bar from the middle Bollinger band, which tells about readiness of the chart to decline down to the bottom Bollinger band (122.10) Н4: one more return to the upper Bollinger band (123.51) is probable. Н1: Narrowed Bollinger envelopes anticipate impulse |
| 02 Juli | |||
| 01 Juli | |||
| 30 Juni |
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