1. Support and Resistance

Support and Resistance   What are Support and Resistance? Support When see on a chart that prices are falling and then notice that when they reach a certain lower level, the price cannot seem to decline any farther, prices have reached a...

Thursday, 08 October 2009 | Read more

2. Trends in Forex Trading

Trends in Forex Trading   What is a trend in Forex? A Forex trend is simply the direction in which a currency pair is moving. Typically, the movement of currency prices is not directly up or down. More often than not, the movement...

Thursday, 08 October 2009 | Read more

3. Forex Trend Lines

Forex Trend Lines We covered trend lines briefly in the previous lesson, “Forex Trends” and will add just a bit more information here. NOTE: Trend lines are perhaps the most important tool in technical analysis. However, they may also be one...

Thursday, 08 October 2009 | Read more

4. Forex Channels

Forex Channels OK, this is a short but informative continuation of the larger topic, “Support and Resistance.” The preceding lessons under that topic were: Support and Resistance, Trends in Forex Trading, and Trend Lines. You should be...

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5. Review of Support and Resistance

Review of Support and Resistance   The Resistance level or area is the highest point a currency price reaches in an “up cycle” before it reverses and begins to decline (move down). The Support level or area is the lowest point a currency...

Thursday, 08 October 2009 | Read more