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There are so many technical indicators are used by the traders, here we will discuss few of the major technical indicators.

  • Candlestick: A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of an instrument for a specific period. Check Candlestick Analysis for detailed understanding.
  • Chart patterns: They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets. Check Types of Chart Patterns for detailed understanding
  • Trend Channels: A trading channel is a channel drawn on a instrument price series chart by graphing two parallel trend lines drawn at resistance and support levels. Generally, it is believed that security prices will remain within a trading channel and will look to buy at channel support and sell at channel resistance. Check Trend Channels for detailed understanding
  • Pivot points: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Check About Pivot points calculations for detailed understanding
  • Fibonacci: The use of Fibonacci levels in trading is based on the principle that the ratios of the Fibonacci sequence tend to coincide with key support and resistant Zones, Often signaling key pivot areas of price movement. Thus Fibonacci levels are commonly used as a tool by technical chartists when analyzing the markets. Check Fibonacci studies for detailed understanding.
  • Support and Resistance: Support, as the name implies, indicates a price level or area on the chart under the current market price where buying interest is sufficiently strong enough to overcome selling pressure. Resistance is the opposite of support. It represents a price level or area above the current market price where selling pressure may overcome buying pressure. Check Support and Resistance for detailed understanding