Tips4Pips

Tips & tricks for forex trading
 

 

Category for Technical Analysis Tools

Japanese Candlestick Analysis Basic Candlestick Patterns And Body Sizes In the chart below of GBP/USD, you can see there are lots of different body sizes of the candlesticks. The body of the candlestick represents the range between the opening price and the closing price of the currency at that particular period of time. Long body […]

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What is a Japanese Candlestick? A Japanese candlestick or candlestick chart is a type of technical charting used by the Japanese about 300 years ago to monitor the price and check the supply and demand of rice. It is still being used until today by many traders as a tool for their asset trade. Since […]

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What is a Channel? A channel is also one of the technical analysis tools used by traders to identify a trend and pin points a currency price reversal including a breakout to a new trading level. As explained earlier on the subject regarding the trends, a channel is simply the price actions of an asset […]

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What is a Trend? A trend or trend line is probably one of the most common types of technical analysis in forex trading. It has no doubt been underutilized as well. Trend line is the direction of the price of a currency or market heading and it varies in length from short to intermediate and, […]

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Types of Technical Analysis Tools After having done with the three types of Forex trading analysis, we shall now delve into the next topic about the basic technical analysis tools such as support and resistance levels, candlestick formations, and common chart patterns. You can try out the leading and lagging indicators and learn how to […]

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