Forex encyclopedia

We can divide all of the technical analysis methods into several groups: - Chart trading methods. We can predict the price movement just using a price chart or its transformed image. Traders mark resistance and support levels, channels and lines. They also apply a range of technical analysis patterns. - Technical indicators. Traders have been using most of them from the beginning of the last century. However they are commonly used only last ten years due to the Internet and the software which can calculate them easily.There is a wide range of forex technical analysis indicators in the marketplace.

Apart from Japan, the countries with the second economic power (Hong Kong, Singapore, Australia, South Korea) are also active in the transaction. * At certain periods, liquidity can be very low and visible for a very small price movement (no change in the relatively long time). A small price movemen allows breakout level of previous trends that occurred in the American market to form, so there is a phase of consolidation.