Archive for May, 2007
Forex Technical Analysis: Howto Identify the Market Trend
Posted on01. May, 2007 by admin.
Three Phases of Major Trends
A trend represents a general direction of the market. Dow Theory asserts that major trends have three distinct phases: accumulation, public participation and distribution. The accumulation phase represents the first part of the trend in which those who are well-informed buy or sell. In other words, if the well-informed recognize that [...]
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Forex Technical Analysis: What is Support and Resistance
Posted on01. May, 2007 by admin.
What are support and resistance?
Support levels are prices where buyers have shown or are likely to show strength. Resistance levels are prices where sellers are likely to be strong.
Support
Support levels essentially give the market a ‘floor’, since they are areas where buyers tend to be strong. If the price falls to a strong support level, [...]
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Forex Technical Analysis: What are Charts?
Posted on01. May, 2007 by admin.
A chart is the most important tool for understanding the total sum of what is going on in the market. Almost all traders today, particularly those who trade actively, use their favourite types of charts to analyse the market. In the end, a chart is a visualised representation of the price movements, a reflection of [...]
