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support and resistance levels level forex trading trends

Support and resistance levels

The terms support and resistance levels are synonymous with supply and demand. Support level is formed at the price, at which there is sufficient demand to halt the decline in prices. Resistance level is formed at the price, at which there are a lot of sellers, who prevent rising prices above resistance level. In case […]

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trends forex trading trend


Technical analysis is built on the premise that prices move in trends. The financial implication of this concept is essentially no different from the general definition – the trend is none other than a direction in which market moves. Trends can be divided on the basis of different directions of movement: Upward trend consists of a […]

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