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Technical Trading

Key Technical Factors

Lesson 10 – Key Technical Factors

Technical Analysis Technical analysis does not take into account any of the aforementioned fundamental factors, but instead relies solely on technical data obtained and computed...
Chart Types

Lesson 10.1 – Chart Types

Technical analysts use a variety of price chart types to analyze the action of currency exchange rates. They typically use these charts to look...
Interpreting Charts

Lesson 10.2 – Interpreting Charts

When interpreting price charts, technical analysts typically use a variety of well established techniques. These might include drawing trend lines or channels to identify...
Understanding Trends

Lesson 10.3 – Trends

To a trader, correctly identifying trends in the market would be considered the ultimate edge in trading since following trends represents one of the...
Reversals Patterns

Lesson 10.4 – Reversal Patterns

A reversal pattern is just that, a pattern on the price chart or a currency pair that would indicate an interruption in the overall...
Understanding Breakouts

Lesson 10.5 – Breakouts

Breakouts to a technical trader mean exceptional trading opportunities, primarily because it signals that the exchange rate has broken out of its normal trading...
Understanding Support Resistance

Lesson 10.6 – Support and Resistance

Determining the levels of support and resistance for a currency pair is one of the key concepts of modern forex technical analysis. This type of...
Understanding Moving averages

Lesson 10.8 – Moving Averages

Moving averages are computed by taking an average of the exchange rate for a particular period of time and then allowing it to evolve...

Lesson 10.9 – Candlestick Charts

Candlestick charts were invented by a highly successful Japanese rice trader in the late 1700’s. They have been used widely in technical analysis since...