Forex encyclopedia

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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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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