Candlestick I: Introduction to Candlestick and its patterns

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What is a candlestick chart? Candlestick charts shows information about the price action and the movement of the currency price over a specified period of time. It contains the market’s open, closing, low and high of that specific time frame. … Continued

Technical Analysis IV: Identify the Market Trend

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Three Phases of Major Trends A trend represents a general direction of the market. Dow Theory asserts that major trends have three distinct phases: accumulation, public participation and distribution. The accumulation phase represents the first part of the trend in … Continued

Technical Analysis III: Support and Resistance

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What are support and resistance? Support levels are prices where buyers have shown or are likely to show strength. Resistance levels are prices where sellers are likely to be strong. Support Support levels essentially give the market a ‘floor’, since … Continued

Technical Analysis II: What are Charts?

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A chart is the most important tool for understanding the total sum of what is going on in the market. Almost all traders today, particularly those who trade actively, use their favourite types of charts to analyse the market. In … Continued

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