“Unlocking the Secrets of Forex: Essential Technical Analysis Tips Every Beginner Needs to Know!”
Support and resistance are price levels at which the price of a currency pair has historically struggled to break through. Support is a level where the price tends to find support as it falls and resistance is a level where the price tends to encounter selling pressure as it rises.
Trends are sustained price movements in a specific direction. In forex trading, trends can be either upward (bullish) or downward (bearish). Trends can be identified by using technical analysis tools such as trend lines and moving averages.
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