Random article: Forex technical analysis methods
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.