The Easiest Thing In Technical Analysis

Technical analysis in forex trading is an analytical method used to predict the direction of future price movements by studying price data in the previous period that has been formed and displayed on a chart.

In this context, traders must at least understand the chart that is generally used in technical analysis first in order to know the price movement well. This is the easiest thing in technical analysis:

Trendline

Trendline is one of the tools used for technical analysis in forex trading. Besides functioning as support (in an uptrend) and resistance (in a downtrend), the trendline is one of the simplest tools to identify the direction of the trend.

One of the characteristics of the change in trend is the break of the trendline which can be an early indication that the price may change direction.

Trading using a trendline can be done by connecting the two lowest or highest points in a price movement that is being observed.

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