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 |
| 05 Juni | >Daily chart: So, it seems that yesterday the price started to pefrom according to O&U. We shall sale from the area 50% of pinbar (1.1290) Н4: here bulls have a potential to respond: a good Inside Bar from the middle Bollinger band can break both pin and O&U. Fight is coming. Nevertheless, only wh | Daily chart: It is 50% to 50% breakdown. Meantime bulls develop their movement, provided that structure is preserved, but there is also some attentuation. We are quite able to see leave to the bottom Bollinger band (1.5137). Н4: a strong intermediate support 1.52 (the bottom Bollinger band) Н1: on | Daily chart: we have got a false breakthough of Inside Bar and thereby Northern determination has been proved once again. Meawhile, target is still based on 125.88. We cannot see further, cause overboughtness is rather strong. Н4: here is a divergency of oscillator which conveyes attentuation of bu |
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