Forex market levels indicate the estimated asset accumulation zone, insufficient supply or demand zone. Levels - is not just a line, and the area of traded currency prices. There are many ways to build levels, but the trader, it is desirable to get acquainted with at least the basic techniques.
The basic technical analysis is the price (psychological) levels. Are important powerful levels, which are built from the figures on the daily, weekly charts. You must be able to determine the trend support and resistance levels. They are built in the main tool movement, formed by high and low prices, which line. The most accurate trend support and resistance levels are building three touches, holding on a flat plane of the line through the two points.
Knowing the basics of graphic constructions, the trader can organize a successful and profitable business. Levels of the horizontal support and resistance levels are based on a double or triple top and bottom. The more often the price for the level, the more significant it is. Net application levels, but without understanding the essence of the volume, origin of market movement, price formation, quality selected, the expected result is unlikely to bring the indicators.
Graphical analysis states that the working levels is necessary to create only the immediate (local) financial instrument movements. The level should refer not to the history and to today's realities. The market is very chaotic, it responds to all the events, the actions of the major players, however, along with the levels necessary to use other means to successfully predict future price changes.
Many traders successfully use the Fibonacci levels, which allow you to analyze the state of the Forex market and determine the significant technical levels. Fibonacci discovered the Italian mathematician Leonardo Fibonacci in the process of studying the sequence of numbers. These were the numbers 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55.
You'll notice that each successive number is the sum of a number of the previous two, and dividing any number in the sequence number of the previous one always comes ratio 1.618, known as the "golden section", which determines the harmonic proportion.
Strategy for the Fibonacci levels are used only a few numbers (Fibonacci correctional levels) - 23.6% and 38.2%, 61.8% and 76.4 as well as 38.2% and 61.8%, 138.2% and 161.8% (Fibonacci extension). For ease of use the ratio of numbers translated into percentages. On this basis, we established a number of technical analysis tools - extension and correction levels, lines, time periods and fan Fibonacci arc.
Almost every trading platform has built-in functions for building Fibonacci. In order to build these levels at the operating panel must find the "Insert", select the "Fibonacci" in the window that appears. It has all the necessary tools and by clicking on the right, the trader can simply drag it to the chart.
Through the use of the Fibonacci trader can successfully analyze the price of the asset. With their help, defined support and resistance levels, the size of the outbreak of correction trend. On Fibonacci price levels should be all the rules of levels - for example, when approaching the asset price to the level of the trader can foresee a reversal, it is easy to determine possible retracement levels, the end of the rollback, the continuation of the trend movement.
It must be remembered about the priority of a larger timeframe: the longer the time period in which built Fibonacci levels, so they are more important and the more highly influenced. Very often, the line data used to determine the levels of orders putting a stop-loss and take-profit. Stop-loss is usually set for the Fibonacci levels to avoid being hooked back and take profit carried out on Fibonacci extension levels.
It is worth to remember about a possible retest level that in the case where the graph the same zone of resistance and support levels with Fibonacci grid, is evidence about the even greater importance levels. Most often Fibonachchiispolzuyutsya for effective analysis of the price movement, decision about the market entry decisions. Fibonacci numbers are a potentially important levels, so to enter the market, out of the open positions using the levels of 38%, 50%, 62%.
Many traders do not pay enough attention to graphical analysis and to identify patterns of market movement, which makes their work quite chaotic and not systematic, based on the predicted bad assumptions, but not at an adequate forecast. Such a situation can not be tolerated.
Knowing how to use forex rates, the trader can build a successful trade, and effectively carry out the analysis, are not predicting the price change.
Переводчик Google для бизнеса –Инструменты переводчикаПереводчик сайтовСлужба "Анализ рынков"
