Technical Analysis 101

A combination of repeating price patterns with Fibonacci analysis yields another branch of technical analysis known as Elliott Waves. This is named after its founder Ralph Nelson Elliott who analyzed ...
Technical Analysis 101

This section covers the basic technical indicators used in forex trading, the most common of which is the moving average. As the name suggests, this kind of technical indicator measures the average cl...
Technical Analysis 101

As introduced in the previous section, Fibonacci extension levels serve as excellent points for setting profit targets. After all, it's not enough that you try to pick the best entry levels for your t...
Technical Analysis 101

Fibonacci retracement levels, which are commonly used to specify potential entry levels during a trending market environment, comprise another group of inflection points. These retracement levels were...
Technical Analysis 101

Support and resistance are two of the most frequent forex terms you will come across in technical analysis. Simply put, support refers to a floor in price action where a downward movement changes cour...
Technical Analysis 101

One of the most basic foundations of technical analysis is watching price charts. There are three popular types of charts used by forex traders and these are line charts, bar or open-high-low-close ch...