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Random article: Fibonacci Retracement in Forex
Technical levels are one of the crucial elements of technical analysis on the Forex market. Technical levels represent a certain value approaching which the price faces resistance in further movement. On the chart it is pictured as zone (level), where price went and bounced off later, repeated its movement to the level again and without being able to pass it bounced off. Such approaching and returns can take place on a repeated basis and the more efforts are made, the stronger price level we have.
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Popular article: Ichimoku Indicator
Ichimoku Kinko Hyo Indicator is the trading technical indicator elaborated in 1930 by Japanese analyst Goichi Hosoda under alias name Ichimoku Sanjin, who monitored movement of Japanese index Nikkei. Ichimoku Indicator is purposed for finding out a trend, resistance and support line, and for generating purchase/ sell alerts.
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