1, spotting bestcashbackprogramsforexs About technical analys Best forex trade cashback, the first thing you may have heard is the following aphorism: the trend is your friend to find the dominant trend will help you see the overall market direction, forexbrokercashback can give you a sharper insight - especially when the more short-term market volatility disturbs the overall market situation when weekly and monthly chart analysis is best used to identify longer-term trends once the overall trend is found Once the overall trend is identified, you can select the trend over the time span you wish to trade so that you can buy the dips in an up trend and sell the ups in a down trend. When these points show a reproduction of the trend, they cashback forex identified as support and resistance The best time to buy/sell is near support/resistance levels that are not easily broken Once these levels are broken, they tend to become reverse barriers Therefore, in an upward trending market, a broken resistance level may become support for an upward trend; however, in a downward trending market, once a support level is broken, it will turn into resistance 3. Trend lines are simple and practical tools in identifying the direction of the market trend Upward lines are made by connecting at least two successive lows Naturally, the second point must be higher than the first The extension of the line helps determine the path the market will take to move Upward trends are a specific method used to identify support lines/levels Conversely, downward lines are drawn by connecting two or more points The volatility of trading lines is in part related to the number of points connected However, it is worth mentioning that the points do not have to be too close together. A channel is defined as an upward trend line that is parallel to the corresponding downward trend line. If you believe that the trend is your friends credo in technical analysis, then Bestforextradecashback averages will benefit you greatly Moving averages show the average price at a particular time within a particular period They are called moving because they are measured at the same time and reflect the latest averages One of the shortcomings of moving averages is that they lag the market and therefore do not necessarily serve as a sign of a trend shift To solve this problem, use a shorter period of 5 or 10 days moving A moving average can also be used by combining two averages with different time horizons Whether using a 5 and 20 day moving average or a 40 and 200 day moving average, a buy signal is usually detected when the shorter term average crosses the longer term average to the upside, while a sell signal is detected when the shorter term average crosses the longer term average to the downside. There are three mathematically different types of moving averages: simple arithmetic moving averages; line weighted moving averages; and square factor weighted averages