Understanding the concepts of support and resistance is crucial for analyzing forex market behavior and making informed trading decisions. These two fundamental terms refer to specific price levels on ...
Momentum trading and support and resistance are two popular technical analysis strategies that can be used to identify trading opportunities. Both strategies have their own advantages and ...
Support and resistance are most valuable as risk management tools. Trades taken without reference to key levels often lack ...
Gold continues to test firm support near the 20-day average, as repeated rejection at short-term resistance keeps prices ...
Forbes contributors publish independent expert analyses and insights. Tom is a pioneer in computerized technical analysis of the markets. One of the most important skills in trading and investing is ...
Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that ...
A pivot point is a technical indicator used in trading that helps traders determine probable support and resistance points in a given financial market. It is designed to identify possible price levels ...
Since February, ZEC has traded sideways, with sellers dominating above $40. Meanwhile, dips near $25 have consistently found support, keeping the price within a narrow range. On Sunday, buyers finally ...
They’re extraordinarily volatile but it’s always possible to identify the basic trend and where prices tend to find the buying support or the selling resistance. The cryptocurrencies may be different ...
Well, the hopes and dreams of the bulls have been dashed this week after Bitcoin closed the week out at $94.290, below the key $96,000 weekly support level. In the weeks ahead, we should expect more ...
A retracement in investing refers to a temporary reversal in the direction of an asset's price that occurs within a larger trend. It represents a short-term dip or pullback before the asset resumes ...