About technical indicators in forex charts (I)
forexcashbackeasy How to interpret c forex cashback easylestick lines? A: Candlestick lines represent cashbackforexpips in a chart that shows the highest, lowest, opening and closing prices for a specified period Q: How do I interpret a bar chart? A: A bar chart cashback forex also a graph that shows the high, low, opening and closing prices for a specified period, but it is displayed differently than a candlestick chart Q: What is a cashbackforex 100%cashbackforex? What does it do? A: Moving averages represent the dynamic average of prices over a specified period Moving averages are used as trend indicators and are sometimes used to provide buy and sell signals Moving averages are lagging indicators because they always fall behind prices and cannot predict prices There are many different types of moving averages, the most common being the simple moving average (SMA), the exponential moving average (EMA) and the weighted moving Average (WMA) Q: Can a moving average take the average of the highest and lowest prices? A: No. Currently, a moving average can only take the opening, highest, lowest or closing price, but not the average of these prices Q: What is the difference between a simple moving average and an indicator moving average? A: In a simple moving average, all price data within the period has the same weighting while in an indicator moving average, the latest price data has a greater weighting Indicator moving averages and weighted moving averages can offset the lagging nature of moving averages to a certain extent Q: How do I draw a Fibonacci Retracement? A: Fibonacci retracement is generally drawn from left to right, from a maximum price pole to a minimum price pole, or from a minimum price pole to a maximum price pole Q: What is the purpose of the Fibonacci retracement? A: Fibonacci retracement lines are used to indicate the possibility of a significant price correction from the original trend and to identify support and resistance points at key Fibonacci retracement levels before the price continues to move in the original direction These retracement levels are drawn by drawing a trend line between the two poles and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. ratios to divide the vertical distance Q: How do I draw a trend line? A: An uptrend line needs to connect at least two consecutive lowest price points, the more points the better each consecutive point must be higher than the previous point with the opposite, the downward trend line is generally drawn by connecting two consecutive highest price points, each point is lower than the previous point Q: What is the role of trend lines? A: Trendlines are simple, but useful for confirming the direction of the market trend. This continuous line helps determine the trajectory of the market movement. Drawing a trendline is a practical way to identify support lines/support points.