Forex encyclopedia

Random article: Forex Channel
Wide-spread situation on the forex market is when movement of price on the chart takes place in a certain range, which is called Channel. Upon that, bottom boundary of this channel is called support line, because it supports the price from decline below the channel level whereas top boundary is called resistance line, because it resists the price leaping up the channel. The distance between those two lines constitutes trading range. Based on main direction of the price movement, channels are conditionally divided into uptrend, downtrend and range (side) channels.
Popular article: Wolfe Waves Indicator
Wolfe Waves – one of the numerous methods for market analysis. The method based on Wolfe Waves does not imply indicator, it uses wave analysis. An author of strategy is a professional trader and analyst Bill Wolfe. The difference of analysis based on Wolfe Waves from Elliot Wave Theory is that analysis is made on the spot, because marking is not required on high or low time-frames.
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