Forex Indicator

Forex Trend is a universal guidance of the price.
On that point are 3 cases of forex trends:

Uptrend (or bullish). Prices arise.

Downtrend (or bearish). Prices fall.

Flat or Range.

Although whatever forex price trend can’t be linear. Some forex trend lies of the
periods as the price moves in the direction of the main trend (dynamic
movement) and periods of retracement (Correction). The forex market draws in the
wave style. As the resolution top side and bottomlands form on the forex price graphs.
Forex Support/Resistance Levels
Considering the graphs you are able to acknowledge that top side and bottomlands of the forex market could be. About on the equivalent sloped (sometimes horizontal) line. Such that lines are called forex
support / resistance levels.
Forex Resistance:


Lines are drawn in between the significant uppermost points. The many more tops
confirm the line the stronger it goes. That’s the market proves that the price index, specified by the resistance line, is very important and the market, taking
Hit its saturation, bounces back from it.

Forex Support:

Lines are drawn in between the significant bottomland points.
In one case the support level is broken downwards it becomes the resistance level.
Once the resistance level is broken upwards it becomes the support level.

Channelise Lines

Frequently prices waver between support / resistance levels. Such that a movement is
Known as a Channel. Just in case the channel lines deviate this is an elaborating channel, or expanding channel. If they meet, then it is contracting.

Filed under: Technical Analysis, Trend Analysia