An increase in international trade and investments, along with the markets deregulation generated huge demand for exchange on FOREX market which is the largest market in the world. The volatility of the foreign exchange market and the uncertainty in the future trends of the exchange rate emphasize the need to analyze all the factors that affect the foreign exchange market. Technical analysis is one of the methods of market analysis and anticipation of future market trends. The aim of this research is to examine the effectiveness of a modified “turn trade” strategy that will, using three currency pairs, prove success or failure over a specific period of time. It will thus highlight the importance of technical analysis in anticipating future movements in the currency market, as well as the opportunities it provides. For the purposes of this research, the technical analysis was applied to the trading of currency pairs EUR / USD, USD / JPY and GBP / USD. The mentioned currency pairs recorded the largest volume of trading in the foreign exchange market, and therefore good candidates for conducting the research. The strategy used in this research includes the RSI oscillator, the Bollinger bands as volatility indicators, the trend line, the moving average and the trend continuation patterns. The strategy was tested on a one-hour and four-hour candle shape chart. The results of the survey showed the success of the selected strategy in generating profits for a certain period in all currency pairs on both time frames. The aim of the conducted analysis is also to examine whether better results are obtained using multiple indicators and methods of technical analysis than using only RSI indicators. The results of the analysis confirmed this claim because using more indicators and methods of technical analysis yield better results for the tested strategy.