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Random article: Forex Support and Resistance
Analyzing any Forex currency pair, every trader accounts for such values, which go through consolidation of its price not just once. At this point, it does not matter which forecast method is adhered by a trader: those values should be considered by all of them. Support line represent force line to which the price moved top down and back not once. In the opposite case when the price several times approached a certain point down top and bounced from it, it is known as resistance line.
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Popular article: Radius Vector PTV
Calculation of PTV ( Price-Time Radius Vector) on traditional price-time chart is the application of the Pythagorean proposition studied in senior school on classes of geometry. It states that squares on the legs of a right triangle add up to the square on the hypotenuse. In our case, legs are price and time, hypotenuse is PTV (Price-Time Radius Vector).
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Rate of Change (ROC)
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