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Foreign exchange trends important guide line weekly and daily

weekly cashbackforex daily cashback forexs to help 100%cashbackforexvestors recognize the forexcashbackeasy and cycle even if only to do the same day to close the short term single, can not just rely on the hourly chart, not to mention the foreign exchange market, such as want to get more profits, medium and long term operation forex cashback easy very beneficial Follow the trend of the single is the secret to winning the foreign exchange market to provide trends and major resistance points, is the most daily chart In addition, the symbolism of each daily chart straight line: usually, the opening cashbackforexpip is very low and the closing price is close to the highest price of the day, is a buy signal; closing price and the opening price is the same, the market is waiting, may turn the signal; and the opening price is low, the price rose, and then returned to the opening price below the closing, is an obvious down signal It should be noted that these signals must be and other means of analysis Combined use, the accuracy rate is higher in the large upward trend, often interspersed with some small downward trend, these small downward trend of time usually in a week or so, only often study the daily chart and weekly chart, it is possible not to be muddled by the short-term trend homeopathic buying and selling to pay attention to the potential just formed when the decisive follow-up, most investors are prone to make the mistake of following up too late in the downward trend, always thinking that the price has been too low So keep buying against the trend, and occasionally catch the rebound opportunity to earn a little, but if you catch the wrong resistance point, or fail to close the position in time for profit, will be trapped Weekly and monthly charts are not just for long-term investors to refer to the role of the weekly chart is in addition to revealing the general trend, it also reveals the cyclical pattern of foreign exchange for example, before the beginning of 1985, the British pound is basically in the resistance line a line under the down cycle, since then above the support line b line continued to rise for four years, up nearly 9,000 points from 1989, the pound is in the range of 1.5 to 2.0 cyclical cycle Usually, if the position of the weekly chart in the up cycle, the last weekly chart closed at a high, this weeks price breakthrough last weeks highest point, these are the signals of the rise in the judgment of the market trend of the big turn of events The weekly chart in the foreign exchange cycle is very important   foreign exchange market, the way of the military, you are in the improvisation for the strength of the investor is not deep, looking for the top and bottom of the market, may make you lose your money, but the strength of the master of foreign exchange trading, but someone dedicated to finding the top and bottom of the approach, losing small profits, accumulated billions of dollars of wealth foreign exchange market psychological behavior characteristics The market is not unchanging, study these changes at any time, the market and their own psychological behavior characteristics of good grasp, then know your enemy, not too far from the victory over the foreign exchange market!