is aReferring Broker of:
The Basis of Technical Analysis

First Steps: Step 4 of 7
Technical analysis focuses on trend analysis and explains how basic trend-following techniques are used.
Flip through the individual charts:

Chart 11: Recognising Supports
Supports are price ranges where traders can assume that prices will either rebound from a support level or penetrate it with great difficulty. The interest in buying the dollar lasted for a long time. As a result prices maintained their support level.

Finally, prices definitively broke through the support level (see line).




New to Forex


