Content feed Comments Feed

Forex, Trading, Currency

Support and resistance levels strategy

Support and resistance levels strategy

Posted by Trader On August - 30 - 2009













Average moving medium strategy may be interesting for anyone choosing Spot forex vs. currency futures. Forex overview contains Best Technical Trading Solutions.

Another strategy good to know is support and resistance levels strategy.

One of the key factors of using the technical analysis except technical surveys is definition of support and resistance levels. The idea is that the market will tend to trade over the levels of resistance and support. Is the level of support or resistance is overcome the market is expected to move on in the same direction. These levels are defined while the graphics analysis and the position assessments are done and the position is seen to reach the level that was not applicable for it before.

Here you see the EUR USD resistance chart featuring how the EUR USD approaches the top level mark but does not get beyond it.

Support and resistance levels strategy

Support and resistance levels strategy

SocialTwist Tell-a-Friend

Forex | Subscribe: or

Leave a Reply

About Us

This site was constructed for those who has just got interested in forex. FX trading, currency trading, online fx trading platform – if all of these words sound new to you, you are welcome to our site. Everything you may want to know about forex. Everything that was said before – collected here in brief, easy to comprehend form. The site’s content is renovated and improved every week, every one or two days. Therefore we always sound fresh, new and practical.

Recent Comments